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Fitch Ratings Agency Downgrades U.S. Long-Term
Credit Rating

Original Article

Posted By: Dreadnought, 8/1/2023 8:50:10 PM

Fitch Ratings on Tuesday downgraded America’s long-term foreign-currency-issuer default rating, citing ongoing and projected future fiscal instability, an increasingly long and disruptive governance process, and rising debt and deficits. The tumultuous negotiations and gridlock between Republicans and Democrats in June over raising the debt ceiling were evidence that “there has been a steady deterioration in standards of governance over the last 20 years,” Fitch, one of the “big three” U.S. credit-ratings agencies alongside S&P and Moody’s, said in a statement. That episode put the U.S. at risk of payment default

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Reply 1 - Posted by: ironchefw 8/1/2023 9:01:25 PM (No. 1525447)
Well deserved. Washington DC avoids fiscal responsibility like the plague.
9 people like this.

Reply 2 - Posted by: voxpopuli 8/1/2023 9:24:17 PM (No. 1525460)
Moodys and S&P are the two big ratings agencies.. in the bond business Fitch is an also ran..
2 people like this.

Reply 3 - Posted by: earlybird 8/1/2023 9:32:32 PM (No. 1525464)
How will the anti-Trumpers on both sides manage to blame him for this?
5 people like this.

Reply 4 - Posted by: stablemoney 8/1/2023 10:46:18 PM (No. 1525485)
So what was the rating before, and after the downgrade? Did journalism school drop the what?
5 people like this.

Reply 5 - Posted by: daisey 8/2/2023 12:35:58 AM (No. 1525499)
Bidenomics! Thank you, Joe.
4 people like this.

Reply 6 - Posted by: Strike3 8/2/2023 1:33:37 AM (No. 1525513)
I'm assuming that "spending like drunken sailors" is no longer a politically correct credit rating?
4 people like this.

Reply 7 - Posted by: Trigger2 8/2/2023 4:03:12 AM (No. 1525539)
Thanks Joey. Also thanks to your rag tag commie demonrat buddies giving us all this.
3 people like this.

Reply 8 - Posted by: LC Chihuahua 8/2/2023 8:23:49 AM (No. 1525646)
US national debt stands at 32 trillion. Total US debt stands at 101 trillion. They keep printing more worthless dollars. Does our government understand how currency works? Green policies are turning necessities into luxuries. This is what happens when dumb dishonest voters elect dumb dishonest 'leaders'. We have a tyranny instead of a government. The US representative government experiment has failed. It does not represent most people and it does not govern.
2 people like this.

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