Fitch Ratings, a top credit rating agency, put the United States’ AAA long term foreign currency issuer default rating on negative watch on Wednesday evening.
“The Rating Watch Negative reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit despite the fast-approaching x date (when the U.S. Treasury exhausts its cash position and capacity for extraordinary measures without incurring new debt),” the agency said in a statement.
