MOSCOW, October 16 (RIA Novosti) – Fitch Ratings has placed the United States’ 'AAA' long-term foreign and local currency Issuer Default Ratings (IDRs) on Rating Watch Negative (RWN), the agency said Tuesday.
“The ratings of all outstanding US sovereign debt securities have also been placed on RWN, as has the US short-term foreign currency rating of 'F1+',” Fitch said, adding that the outlook on the long-term ratings was previously negative. The agency has affirmed the US Country Ceiling at 'AAA'.
To avoid a looming default, the United States has to raise its debt limit of $16.7 trillion by Thursday.
“Fitch expects to resolve the RWN by the end of Q114 at the latest, although timing would necessarily reflect developments and events, including the duration of any agreement to raise the debt ceiling,” Fitch said.
