Fitch places United States’ ‘AAA’ on Rating Watch Negative
Thursday, 17 October 2013 00:00
Fitch Ratings has placed the United States of America’s (US) ‘AAA’ Long-term foreign and local currency Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN). The ratings of all outstanding US sovereign debt securities have also been placed on RWN, as has the US Short-term foreign currency rating of ‘F1+’. The Outlook on the Long-term ratings was previously Negative. The US Country Ceiling has been affirmed at ‘AAA’.
Fitch expects to resolve the RWN by the end of Q114 at the latest, although timing would necessarily reflect developments and events, including the duration of any agreement to raise the debt ceiling.