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Fitch says final decision on a US downgrade was taken on Monday

A Fitch director spoke with Reuters and offered some more colour on the downgrade decision:Fitch held meetings with the US Treasury ahead of the decision warned about decision, not about downgradeKey areas behind decision were deterioration on fiscal and debt side, along with governanceGovernance deterioration gives less confidence in govt's ability to address fiscal and debt issuesDebt ceiling debate happens every 2 years or so, may happen again in 2025It's unclear who knew exactly what and whe... Read More

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Fitch

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Final

Decision

Downgrade

Taken

Monday

Forex

Posted: Aug 2 2023, 13:27

Author Name: forexlive

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