Fitch Says U.S. 'AAA' Rating Remains On Negative Watch Despite Debt Limit Agreement
Portfolio Pulse from Benzinga Newsdesk
Fitch Ratings maintains the U.S. 'AAA' rating on negative watch despite the recent debt limit agreement, citing concerns over the country's fiscal trajectory and political environment.
June 02, 2023 | 4:11 pm
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NEGATIVE IMPACT
Fitch's decision to keep the U.S. 'AAA' rating on negative watch may cause uncertainty in the market, potentially impacting the SPY ETF.
Fitch's decision to maintain the U.S. 'AAA' rating on negative watch indicates concerns over the country's fiscal trajectory and political environment. This may cause uncertainty in the market, which could negatively impact the SPY ETF, as it tracks the performance of the S&P 500 Index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50