Fitch Keeps U.s. Aaa Rating, Review Ongoing

Reuters: Top News, Reuters
Tue, 08/02/2011 - 10:23am

NEW YORK (Reuters) - Fitch Ratings said on Tuesday the agreement to raise the borrowing capacity of the United States means the risk of a sovereign default is "extremely low" and commensurate with a AAA rating.

Sections: politics business

Topics: debt ceiling debt deal debt default debt limit default fitch ratings ratings agency triple-A rating u.s. debt limit

New study: debt limit deadline likely extended
The likely deadline for Congress to prevent the government's first default will be later than earlier thought, a Washington think tank has found. The Bipartisan Policy Center said Friday that the government probably won't reach the brink of default until early September or early October. More
House Republicans Prepare For Debt Ceiling Showdown
House Republicans are preparing for another showdown over the debt ceiling this summer. The House Ways and Means Committee passed a bill Wednesday to protect Social Security recipients and investors in Treasury bonds if the government hits the limit of its borrowing authority. More
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Fitch credit ratings agency downgrades the UK to AA+ owing to a weakened economic outlook, but Chancellor George Osborne defends his austerity plan. More
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The U.S. House approved, 285-144, a bill to suspend the nation's $16.4 debt ceiling through May 18 to avert a U.S. default on its legal obligations and buy Washington more time to negotiate budget priorities. More
White House: Obama wouldn't block GOP debt bill
The White House says a House Republican bill to extend the government's borrowing authority for three months still faces concerns in Congress but press secretary Jay Carney says that if it reaches President Barack Obama's desk, "he would not stand in the way of the bill becoming law. More

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