US's AAA Rating May Be Cut by Fitch on Debt-Limit Fight

US's AAA Rating May Be Cut by Fitch on Debt-Limit Fight

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Business

University

Hard

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Fitch is considering cutting the US Triple-A rating, citing increased risks of not raising or suspending the debt limit. They expect a resolution before the X date but have placed the US rating on watch negative due to brinkmanship in Washington, signaling potential downside risks.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the press statement from Fitch indicate about the US Triple-A rating?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the political situation in Washington affect the debt limit and the Triple-A rating?

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