Stocks were down and Treasury yields were up after Fitch Ratings’ downgrade. But the biggest effects of the move may play out over time.
Tag: Fitch Ratings
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Fitch’s Debt Downgrade Is Unlikely to Deter Borrowing, Investors Say
Fitch’s credit-rating decision stemmed from concerns about America’s ability to govern itself, along with the nation’s growing debt load.
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What Fitch’s Downgrade of the US Credit Rating Means
A downgrade of the nation’s credit rating admonished Washington for persistent political fighting over federal spending. But the move drew sharp criticism.
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U.S. Credit Rating Is Downgraded by Fitch
The ratings agency, which lowered the U.S. long-term rating from its top mark, said that debt-limit standoffs have eroded confidence in the nation’s fiscal management.
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Macron Faces Fresh Test as Outlook for French Finances Dims
S&P Global restated a negative outlook for France’s ability to repay mounting debt. Two other ratings agencies have lowered their views in recent weeks.