Is history about to repeat itself? As the government squabbles over the debt deal and raising the debt ceiling, the U.S. creditworthiness finds itself at risk of a credit downgrade.
Late Tuesday afternoon, Fitch credit rating service announced that it put the U.S. on credit rating watch negative because of government failure to raise the debt ceiling in a “timely” manner. The ratings service affirmed the U.S. credit rating at AAA — a rating that it retained in the face of the debt ceiling debate in 2011 — but the announcement puts the U.S. credit rating at risk for a downgrade.
http://www.forbes.com/sites/maggiemcgrath/2013/10/15/fitch-puts-u-s-on-credit-downgrade-watch/
[color="Red"]THE BEST ANTIDOTE TO 100 ENEMIES, IS ONE TRUE FRIEND.
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