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Taxpayers must pay the freight for over-budget train projects
Topic - Fitch Ratings
The Fitch Group (technically, Fitch, Inc.) is a financial corporation whose divisions include Fitch Solutions, an advisory firm offering products and services to the financial industry, [http://www.reuters.com/article/pressRelease/idUS192799+09-Jan-2008+BW20080109 established in January 2008] partly following the criticism on Rating Agencies; Algorithmics Inc., the risk management software vendor and research firm; and Fitch Ratings, Ltd. - Source: Wikipedia
One of Wall Street's leading credit-rating firms Tuesday afternoon warned that it may downgrade the U.S. credit rating from AAA as a result of the congressional impasse that could force the Treasury Department to hit its borrowing limit on Thursday and could lead to a first-ever default on Treasury securities within days after that.
Fitch Ratings on Tuesday afternoon warned that it may downgrade the U.S. credit rating from triple-A as a result of the congressional impasse that is forcing the Treasury to hit its borrowing limit on Thursday and could lead to a first-ever default on Treasury securities within days after that.
The Fitch credit rating agency has warned that it is reviewing the U.S. government's AAA credit rating for a possible downgrade, citing Thursday's looming deadline to increase the nation's borrowing limit.
Conservatives in the House sabotaged Speaker John A. Boehner's plan Tuesday to dent Obamacare while reopening the government and raising the debt ceiling, leaving senators scrambling to kick-start their own deal before Thursday's deadline for a potential default.
Time growing desperately short, House Republican efforts to pass legislation averting a Treasury default and ending a partial government shutdown collapsed Tuesday night, and one of the country's top ratings firms warned of a possible downgrade in the nation's creditworthiness.
Despite expressing confidence that the U.S. will avoid a default, one top credit rating agency has issued a quiet warning that the nation's AA+ rating will plunge suddenly to a shockingly low D if a political resolution does not come in time to prevent the Treasury from missing a debt payment in the next month.
Fitch Ratings agency downgraded Britain's rating on Friday from triple-A to AA+, a recognition of the nation's weak economic future and growing debt.
While lawmakers in Washington braced for disaster, the nation's big three credit rating agencies yawned at the sequester cuts set to kick in Friday, saying the trims won't hurt the credit-worthiness of the federal government as long as Congress doesn't stop there.
Facebook unveiled a search feature that will put the world’s largest online social network more squarely in competition with Google and other rivals such as Yelp and LinkedIn.
The United States looks increasingly likely to lose its gold-plated AAA credit rating in the next few months amid warnings by Wall Street rating agencies that last week's $650 billion "fiscal cliff" deal did not go far enough to reduce $1 trillion deficits and stabilize the debt.
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.
Sharp Corp. says Qualcomm Inc. will become a shareholder with an investment of up to 9.9 billion yen ($120 million) that will fund joint development of new LCD screens for mobile devices.
Wall Street ratings agencies are skeptical of the resolve of political leaders to tame the nation's debts, and are raising the likelihood that at least one of the three top agencies will add to the turmoil in financial markets at the end of the year by further downgrading the U.S. credit rating.
Moody's Investors Service on Tuesday warned that it will downgrade the U.S. government's AAA credit rating if Congress and the newly installed president next year fail to produce a major budget agreement that stabilizes and reduces the U.S. debt.
All three rating agencies have upheld Maryland's Triple-A bond rating in advance of a bond sale in coming weeks.