Fitch warns it may downgrade U.S. over debt-ceiling standoff
“The pressure on the U.S. rating, if anything, is increasing,” said David Riley, managing director of Fitch Ratings’ global sovereigns division. “We thought the 2011 crisis was a one-off event …. if we have a repeat we will place the U.S. rating under review.”
Fitch already has a negative outlook on the U.S. and has said it will make a decision on the rating this year, regardless of how the debt ceiling discussions pan out. The U.S. government reached its statutory debt limit of nearly $16.4 trillion at the end of 2012 but has engineered extraordinary measures that should see it through February…
Riley warned that the different arms of the U.S. government still have a number of issues to address. As well as increasing the debt ceiling, they have to agree to spending cuts that were delayed as part of the ‘fiscal cliff’ agreement and back measures to avoid a government shutdown, potentially in March.
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Not to worry fitch, our wonderful r’s will cave to bho and see to it HE gets every little thing his evil heart wants?
If I had as say as to what happens, bho owns it, letter rip DOWN!
L
letget on January 15, 2013 at 4:03 PM
Finally? Egan Jones (Aa) and S&P (Aa+/negative outlook) say, “Welcome to the party, pal.”
Steve Eggleston on January 15, 2013 at 4:04 PM
Wow! Really? You ‘professionals’ who make a living at this really though that….. When all us clueless amateurs were screaming that it will happen again every year until the underlying profligate spending of borrowed and stolen money ceases.
And isn’t it interesting that these ‘ financial and economic experts’ are only happy when already unpayable debts are increasing exponentially?
LegendHasIt on January 15, 2013 at 4:09 PM
I’ll give Fitch a break given the temper tantrum via lawsuit/threat of lawsuit the Democrats threw when S&P and Egan-Jones downgraded the US. But everyone knew this was coming eventually. Moody’s is going to have follow along soon too.
Doomberg on January 15, 2013 at 4:12 PM
My thoughts exactly.
If this guy is surprised by this turn of events then I’m not sure how qualified he is to do his job.
I mean who could have predicted Obama would blow through another 2 trillion dollars?
gwelf on January 15, 2013 at 4:15 PM
Everyone knows the United States is incapable of paying back the debt so if these firms had any shame left they’d downgrade the US to junk status immediately so that the proper correction can take place.
RINO on January 15, 2013 at 4:21 PM
The fact you haven’t downgraded it yet is amazing. We were a house we would 100%, not including the un-funded liablilities from Social Security, Medicare, Fannie, Freddie, and FHA.
Oil Can on January 15, 2013 at 4:21 PM
Wait. Not downgrade because of the insane borrowing and spending, but downgrade because of a standoff? The entire financial world has gone insane.
I need to start stocking up on gold and firearms.
RoadRunner on January 15, 2013 at 4:31 PM
$16.5 trillion.
forest on January 15, 2013 at 4:35 PM
your late to the party …
president downgrade is just doing what he does best …
destroy the country …
conservative tarheel on January 15, 2013 at 4:59 PM
President downgrade.
You happy yet democrats? What did you think you were voting for?
May you all suffer immeasurably under this lawless regime. May you witness everything and everyone you love suffer immeasurably.
tom daschle concerned on January 15, 2013 at 5:20 PM
Pfft. They are already junk bonds in my eyes.
BigGator5 on January 15, 2013 at 5:41 PM
‘Twas Obama who wasted trillions, ‘Twas Obama who is oppressively taxing the economy into the ground, ‘Twas Obama who is regulating business to death.
That moniker is very appropriate.
Galt2009 on January 15, 2013 at 6:05 PM