Arab Today, arab today fitch maintains us aaa rating after debt pact passes
Last Updated : GMT 21:52:06
Arab Today, arab today
Arab Today, arab today

Fitch maintains US AAA rating after debt pact passes

Arab Today, arab today

Arab Today, arab today Fitch maintains US AAA rating after debt pact passes

Washington - UPI

The Fitch ratings agency said Tuesday that Congress\' last minute agreement to raise the US debt ceiling to avert a default would allow the country to keep its triple-A rating. But Fitch warned that it would continue to review the country\'s long-term deficit profile to see if it still merited being listed along with more healthy economies in the exclusive AAA club of sovereign borrowers. Fitch called the agreement to raise the $14.3 trillion debt ceiling -- allowing the Treasury to borrow more and cover its mounting bills -- \"commensurate with its \'AAA\' rating\", meaning that \"the risk of sovereign default remains extremely low.\" The agreement showed that \"despite the intensity and theater of political discourse in the United States, there is the political will and capacity to ultimately do the right thing,\" Fitch said. However, it said it could continue to review the country\'s grade this month. \"The review will focus on the US sovereign credit fundamentals relative to \'AAA\' peers and medium-term economic and fiscal prospects\" based on long-term deficit reduction plan that was a part of the debt ceiling hike package voted through Tuesday. Fitch said the country\'s economic and financial foundation \"remains strong\" despite the grinding political battle over government spending and borrowing and near-stalled economic growth in the first half. \"The interest burden of federal debt is projected to remain moderate by historical standards and broadly in line with \'AAA\' peers,\" it said. But Fitch warned that the country needs to spell out and implement \"a credible multi-year deficit reduction plan.\" Based on current trends, US government debt at all levels will reach a large 100 percent of gross domestic product by the end of 2012 and continue to rise. It called that \"a profile that is not consistent with the United States retaining its \'AAA\' sovereign rating.\"

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 maintains us aaa rating after debt pact passes Arab Today, arab today fitch maintains us aaa rating after debt pact passes

 



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 maintains us aaa rating after debt pact passes Arab Today, arab today fitch maintains us aaa rating after debt pact passes

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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