16 Oct 2013
Flash: Fitch in the US – BBH
FXstreet.com (London) - Research teams said Fitch placed its US rating on negative credit watch, citing the failure to lift the debt ceiling.
Key Quotes:
“Like nearly everyone else, Fitch too expected the debt ceiling to be raised soon”.
“Fitch says it will resolve its negative watch by Q1 2014”.
“Moody's, which retains a AAA rating on the US, said that not only does it anticipate the debt ceiling to be raised, but it also provocatively indicated that it expects that the US will pay interest and principal on its debt even if the ceiling is not raised”.
Key Quotes:
“Like nearly everyone else, Fitch too expected the debt ceiling to be raised soon”.
“Fitch says it will resolve its negative watch by Q1 2014”.
“Moody's, which retains a AAA rating on the US, said that not only does it anticipate the debt ceiling to be raised, but it also provocatively indicated that it expects that the US will pay interest and principal on its debt even if the ceiling is not raised”.