Fitch downgrades US long-term default rating to AAA – Kommersant

The international rating agency Fitch has downgraded the long-term issuer rating (IDR) of the United States in foreign currency at the level of “AAA” with the possibility of downgrading. This was reported by the press service of the agency.

The agency explained that the likelihood of a further downgrade indicates “increasing political bias that impedes the decision to raise or suspend the public debt limit.” Fitch hopes that the decision to raise the national debt limit will be made before the US loses the ability to service its debt obligations.

The US Department of the Treasury warned several times that the department could run out of money by June due to the achievement of the national debt ceiling. The White House and the US Congress are discussing raising the limit. The White House on May 21 announced a “big step back” in negotiations on this topic. Many Republicans (the party controls the House of Representatives) are reluctant to agree to a ceiling increase without budgetary reforms.

More about the situation – in the material “Kommersant” “And the impossible is possible.”

Olesya Pavlenko