On the 15th October Fitch put the US on rating watch over the shutdown/budget debacle but has today issued a strong warning that the US needs to buck its ideas up. A repeat of the debt ceiling crisis would not be a good signal to keep the triple A rating and they must take more steps to reduce the deficit and debt burden, they said.
Fitch will decide on the US rating in March 2014.
"Nothing is pre-determined, but that wouldn’t be a good signal if we have that kind of outcome again,” Said Fitch warns US to behave in future
Ed Parker, lead U.S. analyst and head of EMEA sovereign ratings at Fitch Ratings, told Reuters in a TV interview
Fitch will decide on the US rating in March 2014.
"Nothing is pre-determined, but that wouldn’t be a good signal if we have that kind of outcome again,” Said Fitch warns US to behave in future
Ed Parker, lead U.S. analyst and head of EMEA sovereign ratings at Fitch Ratings, told Reuters in a TV interview