Fitch Ratings cited the “increased fragmentation and polarization” of politics in the debt-laden country as justification for the downgrade.
Category: Fitch Ratings
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Fitch Ratings Issues Warning About France’s Finances
A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.
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Why Bonds Are Still Essential Investments
Stocks command most of the attention. But even after the latest U.S. debt downgrade, bonds are steady, essential investments, our columnist says.
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White House Hits Back on Fitch Credit Downgrade, Protecting Biden
The president’s team has mobilized to counter the downgrade of Treasury debt by the Fitch Ratings agency, rushing to defend the story of an improving economic outlook.
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Markets Still Weigh the Meaning of a U.S. Credit Rating Cut
Stocks were down and Treasury yields were up after Fitch Ratings’ downgrade. But the biggest effects of the move may play out over time.
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Debt Downgrade, Driven by Partisanship, Is Unlikely to Deter Borrowing
Fitch’s credit-rating decision stemmed from concerns about America’s ability to govern itself, along with the nation’s growing debt load.
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U.S. Credit Rating Is Downgraded by Fitch
The ratings agency, which lowered the U.S. long-term rating from its top mark, said that debt-limit standoffs have eroded confidence in the nation’s fiscal management.
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Macron Faces Fresh Test as Outlook for French Finances Dims
S&P Global restated a negative outlook for France’s ability to repay mounting debt. Two other ratings agencies have lowered their views in recent weeks.
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Carl Icahn’s Proxy Fight With Illumina Comes to a Vote
Shareholders are set to vote on Thursday whether to back the gene-sequencing company’s incumbent board or candidates named by the activist investor.
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U.S. Debt Default Could Damage Nation’s Credit Rating
If the government misses an interest payment, even by a few hours, its creditworthiness will suffer, possibly for a long time.
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What Would Happen if the U.S. Defaulted on Its Debt
Investors, executives and economists are preparing contingency plans as they consider the turmoil that would result from a default in the $24 trillion U.S. Treasury market.
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The Defamation Trial of Fox News Is Delayed
Dominion Voting Systems’ lawsuit against Fox News won’t start on Monday, as Rupert Murdoch’s media colossus reportedly pushes for an out-of-court settlement.