US credit rating at risk of downgrade over debt ceiling 'brinkmanship'

‘Governance challenges’

Fitch Ratings has placed the US ‘AAA’ credit rating at risk of downgrade, citing debt ceiling “brinkmanship” as a key concern.

The home of the "preeminent world's reserve currency" is now on "rating watch negative" as a result of the increased "political partisanship that is hindering reaching a resolution to raise or suspend the debt limit" despite the fast approaching ‘x date', which is when the US Treasury exhausts its cash position and capacity for extraordinary measures. US debt ceiling: How did we get to this point? While Fitch still expects a resolution to the debt ceiling to be reached prior to the x date, it notes risks have risen, not only due to partisan politics but also a failure to "meaningfully...