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Fitch puts United States’ AAA rating on negative watch, citing debt ceiling fight
Fitch put the United States’ AAA long-term foreign-currency issuer default rating on negative watch Wednesday evening, pointing to brinksmanship over the debt ceiling. “The Rating Watch Negative reflects increased political partisanship that is hindering reaching a solution to raise or suspend the debt limit despite the fast-approaching x-date,” the rating agency said. Futures linked to the Dow Jones Industrial Average briefly slipped about 100 points after Fitch, one of the big three ratings agencies, issued its note. The so-called X-date, which is when the U.S. could default on its debt, could arrive as early ... (full story)