fitch warns it might downgrade us rating over debt
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Fitch warns it might downgrade US rating over debt

Arab Today, arab today

Arab Today, arab today Fitch warns it might downgrade US rating over debt

Paris - AFP

The Fitch ratings agency warned Tuesday that it might revise downward its notation for the United States from its current top "AAA" level if Congress does not reach agreement on raising the ceiling for the national debt. Fitch said that failure to raise the limit in time would lead to a formal revision by Fitch of its ratings of US debt instruments, but the agency also said the risk of a US default was extremely low. The legal ceiling for the US federal debt reached the limit of $16.394 trillion at the end of December. US lawmakers must agree on how to raise this limit within the next few weeks. Otherwise the United States will be unable to borrow to pay its bills. The United States found itself in a similar situation in August 2011. Deadlock within Congress caused one of the other top three rating agencies, Standard&Poor's, to downgrade its top-notch rating for US debt. Fitch commented that the method of placing a ceiling on the amount of debt was an inefficient and potentially dangerous way of achieving budget discipline. Fitch, together with the third agency which still rates US debt at "AAA", Moody's, has already warned that this notation has a "negative" outlook, meaning that it is likely to be downgraded in the medium term. Fitch warned that in the absence of a credible plan to reduce the debt and to support economic recovery, it would downgrade its rating for the United States later this year even if a crisis over the debt ceiling is averted in the short term.

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*

fitch warns it might downgrade us rating over debt fitch warns it might downgrade us rating over debt

 



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*

fitch warns it might downgrade us rating over debt fitch warns it might downgrade us rating over debt

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
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

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday