Tuesday, October 15, 2013

Fitch, Fitch, Fitch...

TPM's Igor Bobic:
Credit rating agency Fitch placed U.S. holdings, which remain AAA, on negative watch Tuesday, as Congressional negotiations over the federal debt ceiling stalled just two days before a Thursday deadline.

"Fitch continues to believe that an agreement will be reached to end the current political impasse and raise the U.S. debt ceiling," the agency said in a press release. "Even if the debt limit is not raised before or shortly after 17 October, we assume there is sufficient political will and capacity to ensure that Treasury securities will continue to be honoured in full and on time."

It's good of them to cut the US some slack. But I don't like the sound of this...

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