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 […]
