Tuesday, October 15, 2013

 

US 'AAA' credit rating under review for a downgrade

|Blog ---

NEW YORK – The Fitch credit rating agency has warned that it is reviewing the U.S. government's top rating on credit for a possible downgrade, citing Thursday's looming deadline to increase the nation's borrowing limit.



US credit rating: The Fitch Ratings building in New York


Fitch has placed its "AAA" U.S. credit rating on "rating watch negative," a step that would precede an actual downgrade. The agency said it expects to conclude its review within the next six months.

Fitch says it expects the debt limit will be raised soon, but adds, "the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default."

House GOP floats counter to Senate debt plan 

The federal government has been expected to exhaust its $16.7 trillion statutory borrowing limit on Thursday.

Fitch is one of the three leading U.S. credit ratings agencies, along with Standard & Poor's and Moody's. S&P downgraded U.S. long-term debt to "AA" in August 2011.

U.S. Treasuries prices held losses in late trading on Tuesday after Fitch's announcement.

Benchmark 10-year Treasury notes were 13/32 lower in price to yield 2.731 percent, up 5 basis points from late on Friday.

Interest rates on Treasury bills in the meantime held at their earlier highs. The rate on the T-bill issue that matures on Oct. 31 was last 0.5475 percent, up 23 basis points from late Friday.

The U.S. bond market was closed on Monday for the Columbus Day holiday.

Tags : , , , ,

Social

   

Follow by Email

Popular Posts

Read

Well, the way they make shows is, they make one show. That show's called a pilot. Then they show that show to the people who make shows, and on the strength of that one show they decide if they're going to make more shows.

Like you, I used to think the world was this great place where everybody lived by the same standards I did, then some kid with a nail showed me I was living in his world, a world where chaos rules not order, a world where righteousness is not rewarded. That's Cesar's world, and if you're not willing to play by his rules, then you're gonna have to pay the price.

You think water moves fast? You should see ice. It moves like it has a mind. Like it knows it killed the world once and got a taste for murder. After the avalanche, it took us a week to climb out. Now, I don't know exactly when we turned on each other, but I know that seven of us survived the slide... and only five made it out. Now we took an oath, that I'm breaking now. We said we'd say it was the snow that killed the other two, but it wasn't. Nature is lethal but it doesn't hold a candle to man.

You see? It's curious. Ted did figure it out - time travel. And when we get back, we gonna tell everyone. How it's possible, how it's done, what the dangers are. But then why fifty years in the future when the spacecraft encounters a black hole does the computer call it an 'unknown entry event'? Why don't they know? If they don't know, that means we never told anyone. And if we never told anyone it means we never made it back. Hence we die down here. Just as a matter of deductive logic.

Category