Fitch Puts U.S. on Ratings Watch

Fitch Ratings put the U.S. government’s “AAA” credit rating on “rating watch negative” saying that the standstill on the U.S. debt ceiling negotiations risks undermining the effectiveness of the country’s government and political institutions, CNBC reports.

Wall Street Journal: “Fitch isn’t commenting beyond its statement, but this could suggest a
downgrade is possible even if Congress manages to avert an actual
default.”