Archive List for Fitch Ratings

U.S. credit rating downgrade: Market and economic impact

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yahoo finance

#fitchratings #uscredit #usdebt #yahoofinance U.S. futures are still under pressure from Tuesday’s credit rating cut. Is this cut a cause for serious concern? BNP Paribas U.S. Senior Economist Yelena Shulyatyeva joins Yahoo Finance Live to break down the credit rating downgrade and what it means for the state of the market. Shulyatyeva says, “I think it’s a long-term issue for us and we will be talking about this (for) decades and decades going forward if this unsustainable path continues.” Shulyatyeva also discussed Friday’s job report and the state of the labor market. Shulyatyeva characterizes it as a “gradual cooling” because “things are still very tight in the labor market.” Subscribe […]

Fitch downgrade: Why investors aren’t that concerned

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#fitchratings #yahoofinance #usdebt #uscredit Fitch Ratings downgraded its rating on U.S. debt from AAA to AA+, citing an expected fiscal deterioration of credit over the next few years as well as an increase in political divisions. New York Times Federal Reserve and Economy Reporter Jeanna Smialek tells Yahoo Finance Live that investors have remained unconcerned by the credit rating downgrade, saying “the question on everybody’s minds is, why now?” Smialek explains that the downgrade note didn’t include any information that investors weren’t already aware of. IG North America CEO JJ Kinahan echoes the sentiment, saying “I don’t think you’re seeing the kind of reaction you’d have expected if overall the […]