Arab Today, arab today fitch lowers us credit outlook to \negative\
Last Updated : GMT 00:25:05
Arab Today, arab today
Arab Today, arab today

Fitch lowers US credit outlook to \'negative\'

Arab Today, arab today

Arab Today, arab today Fitch lowers US credit outlook to \'negative\'

Washington - AFP

Ratings agency Fitch reaffirmed the United States\' top credit rating, but downgraded the outlook to negative as it projected slow growth, political stalemate and rising levels of debt this decade. Citing \"still strong economic and credit fundamentals,\" Fitch nonetheless said that the recent failure of Congress to reach a short-term deficit cutting deal could delay more fundamental reforms. Fitch added that there was \"considerable uncertainty surrounding the economy\'s potential output.\" Taken together, political failures and slower growth could result in a full-fledged downgrade. \"The negative outlook indicates a slightly greater than 50 percent chance of a downgrade over a two-year horizon,\" it said. A spokeswoman for the US Treasury, Colleen Murray, said the move was a \"reminder of the need for Congress to reduce the country\'s long-term deficit in a balanced manner and to avoid efforts that would undo the $1.2 trillion in automatic cuts negotiated last summer.\" Fitch said a key trigger would be the government\'s failure to reach agreement in 2013 on a \"credible deficit reduction plan\" as the economy slows. That, Fitch said \"would likely result in a downgrade of the US sovereign rating.\" \"The longer productive capacity remains idle and unemployment high, the greater the likelihood that the loss of output (and tax receipts) is greater than currently estimated.\" Fitch said that had \"negative implications for the medium to long-term fiscal outlook.\" Fitch projected federal debt would rise to 90 percent of GDP by the end of the decade. \"In Fitch\'s opinion, such a level of government indebtedness would no longer be consistent with the US retaining its \'AAA\' status despite its underlying strengths.\"  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fitch lowers us credit outlook to \negative\ Arab Today, arab today fitch lowers us credit outlook to \negative\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fitch lowers us credit outlook to \negative\ Arab Today, arab today fitch lowers us credit outlook to \negative\

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday