Fitch puts US rating on negative watch as debt deadline looms

Credit rating agency Fitch has put the US' AAA credit rating on negative watch, indicating possible downgrade if lawmakers fail to raise the amount that Treasury can borrow. This could occur as soon as next week with the proposed X-date, June 1. A downgrade could affect the pricing of trillions of dollars of Treasury debt securities.

May 25, 2023 - 11:30
Fitch puts US rating on negative watch as debt deadline looms
Credit rating agency Fitch has put the US' AAA credit rating on negative watch, indicating possible downgrade if lawmakers fail to raise the amount that Treasury can borrow. This could occur as soon as next week with the proposed X-date, June 1. A downgrade could affect the pricing of trillions of dollars of Treasury debt securities.