Fitch Ratings says the U.S. government's AAA credit rating remains at risk despite a debt-ceiling deal that will avert a first-ever federal default.
Fitch Ratings on Friday said a debt-ceiling deal that will avert a first-ever federal default doesn’t guarantee the U.S. government will keep its AAA credit rating.
Fitch... Fitch Ratings on Friday said a debt-ceiling deal that will avert a first-ever federal default doesn’t guarantee the U.S. government will keep its AAA credit rating. Fitch put the U.S. on negative watch on May 24, citing concerns over the protracted debt-ceiling battle. The Senate late Thursday passed legislation to raise the debt ceiling, sending it to President Joe Biden for his signature. Biden was expected to sign the bill as early as Saturday and was slated to address the nation about the legislation Friday evening.
Fitch said the U.S. rating is supported by “exceptional strengths,” including the size of the economy, high gross domestic product per capita and a “dynamic business environment.”
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