WASHINGTON — A disaster by Congress to lift a debt extent “in a timely manner” could lead to a hillside of a nation’s AAA credit rating, Fitch Ratings pronounced Tuesday.
Republicans wish vital supervision spending cuts in sell for a debt-limit increase. But Fitch, one of 3 vital credit-rating companies, said the debt roof should not be used to force a deficit-reduction plan.
“In Fitch’s opinion, a debt roof is an ineffectual and potentially dangerous resource for enforcing mercantile discipline,” a association said.
Quiz: Test your believe about a debt limit
Fitch pronounced a repeat of a sour 2011 brinkmanship that led to a last-minute boost of a debt roof would trigger a grave examination of a U.S. credit rating because
Read full article: http://www.pbs.org/newshour/bb/politics/july-dec12/sb_12-28.html
Source:
http://www.ezonearticle.com/2013/01/15/fitch-warns-that-debt-limit-delay-could-hurt-us-credit-rating/
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