Thanks to Ted Cruz, Fitch Puts US Credit Rating on Negative Watch Ahead of Possible Downgrade
Thanks to Ted Cruz, Fitch Puts US Credit Rating on Negative Watch Ahead of Possible Downgrade

#BREAKING: Fitch puts United States `AAA’ credit rating under review for a downgrade. via¬†@AP

CNBC reports that Fitch cites a standstill in the US debt ceiling negotiations when putting US credit rating on negative watch. Fitch also said that the standstill risks undermining the effectiveness of the country’s government and political institutions, CNBC reports.

Wall Street Journal: “Fitch isn’t commenting beyond its statement, but this could suggest a downgrade is possible even if Congress manages to avert an actual default.”