Fitch warns of possible US credit rating downgrade despite debt deal
TL;DR Summary
Fitch Ratings may still downgrade the US credit rating despite the debt ceiling deal, citing increased political polarization and governance shortcomings. The US currently has an AAA rating from Fitch, but a downgrade would make it more expensive for the US to borrow debt and drain funding from other priorities. Fitch plans to make a decision by the end of September.
Topics:business#debt-ceiling-deal#finance#fitch-ratings#governance-shortcomings#political-polarization#us-credit-rating
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