Fitch Analyst Says A U.S. Government Shutdown Will Not Affect The U.S. AA+ Stable Sovereign Rating
Portfolio Pulse from Benzinga Newsdesk
A Fitch analyst has stated that a U.S. government shutdown will not affect the U.S. AA+ Stable Sovereign Rating, according to Reuters.
October 04, 2023 | 7:12 pm
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NEUTRAL IMPACT
The U.S. government shutdown will not affect the U.S. AA+ Stable Sovereign Rating, which may maintain investor confidence in U.S. assets, including SPY.
The U.S. AA+ Stable Sovereign Rating is a measure of the country's creditworthiness. A stable rating despite a government shutdown indicates that the U.S. is still considered a reliable debtor, which could maintain investor confidence in U.S. assets, including SPY. However, the shutdown itself could still introduce some uncertainty in the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50