Source: Pixabay
Ratings agency Fitch is keeping the United States‘ “AAA” credit rating on negative watch, despite a bipartisan agreement on raising the debt limit this week to avert a catastrophic default.
While the resolution of the US debt ceiling impasse means the government will be able to meet its obligations, Fitch Ratings said it maintains a “Rating Watch Negative” on the United States “as we consider the full implications of the most recent brinkmanship episode and the outlook for medium-term fiscal and debt trajectories.”