Weak debt deal would risk U.S. rating – Fitch
January 15th, 2013
07:29 AM ET
2 years ago

Weak debt deal would risk U.S. rating – Fitch

London (CNNMoney) – The United States risks losing its AAA credit rating from Fitch if any deal to raise the legal borrowing limit does not include a plan to put public finances on a more sustainable footing, the ratings agency said Tuesday.

Fitch has long warned that a repeat of the 2011 debt ceiling crisis would result in a formal review of its AAA rating on U.S. sovereign debt. While it expects Congress to raise the debt ceiling - making the risk of a U.S. default extremely low - the nature and timing of the agreement will be critical.

FULL STORY

Filed under: Debt
soundoff (6 Responses)
  1. GuestAgain

    It cant be....you mean someone beside the so called obstructionist GOP realizes we are fiscally unstable??? Say it aint so! Now if the dems would recognize this we may be able to enact some legislation to fix the problem! Nah, lets just ignore it and threaten the elderly and veterans with fear mongering nonsense while providing absolutely no solutions aside from the usual rhetoric....and more taxes for more spending.

    January 15, 2013 07:48 am at 7:48 am |
  2. James Bond

    Looks like someone is being paid well by grover, and the koch brothers

    January 15, 2013 08:02 am at 8:02 am |
  3. Gurgyl

    .....depends on gongressional wayward brains. GOP is a mess. Wars debt raise. Why not for USA soil? Give-away to American needy is PEANUTS before Tax-Loopholes, tax-Evasions, sending jobs-overseas, hospital out-rageous chargings, Greed of Oil-companies etc. you think. You analyze. Do not be sheer partisan. God bless!!

    January 15, 2013 08:25 am at 8:25 am |
  4. Al-NY,NY

    and that ratings drop is exactly what the GOP wants. Then they can blame Obama. Of course we all saw what happened the last time they tried that and the results of the following election but if they want to continue their childish games, we'll see the results in the 2014 elections when they lose more seats

    January 15, 2013 08:32 am at 8:32 am |
  5. Rick McDaniel

    Of course.

    Obama has no regard for the amount of debt being created, so we should absolutely expect the debt rating to decline. Again.

    January 15, 2013 08:54 am at 8:54 am |
  6. Moose

    It is very clear ever since b.o. has taken office things have gotten worse.

    January 15, 2013 08:55 am at 8:55 am |