Tags: US | US | Debt | Fitch | Warning

Fitch to Review US Rating If No Debt Ceiling Deal

Wednesday, 08 Jun 2011 05:37 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — Fitch Ratings is warning that it might downgrade U.S. debt if lawmakers fail to increase the nation's borrowing limit before the government runs out of money.

The rating agency says it will put the debt on watch for a possible downgrade in early August, if lawmakers have not reached a deal. The Treasury Department says it will exhaust its stopgap measures to delay a default on Aug. 2.

While Fitch expects the debt ceiling to be increased, it says a default by the U.S. on its debt obligations would "imply a crisis of governance" and threaten the stability of the world financial system.

It is not the first such warning. Moody's Investors Service made a similar announcement last week. Standard & Poor's did so in April.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NYT: US Working to Build Coalition to Defeat 'Barbaric Terrorists'

Wednesday, 27 Aug 2014 09:06 AM

The United Sates is attempting to build a coalition in the Middle East and with close allies around the world to support . . .

Mitt Romney to Hugh Hewitt: 'Circumstances can Change'

Wednesday, 27 Aug 2014 08:39 AM

The Republican Party's 2012 presidential candidate, former Massachusetts Gov. Mitt Romney, who has repeatedly ruled out  . . .

US Ship Fires Warning Shot at Iranian Boat

Wednesday, 27 Aug 2014 07:24 AM

A US Coast Guard vessel had a tense encounter with an Iranian fishing boat in the Persian Gulf on Tuesday and fired a wa . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved