Wesley Posted October 16, 2013 Posted October 16, 2013 Fitch Puts US Credit Rating on Negative Watch The Fitch credit rating agency has warned that it is reviewing the U.S. government's AAA credit rating for a possible downgrade, citing the impasse in Washington that has raised the threat of a default on the nation's debt. Fitch placed the U.S. credit rating on negative watch Tuesday, a step that would precede an actual downgrade. The agency said it expects to conclude its review within six months. http://abcnews.go.com/US/wireStory/fitch-puts-us-credit-rating-negative-watch-20580525 When I invest in my AAA bonds, I always love it when they get downgraded from AAA status 6 months AFTER they might be defaulted on. The idea that Federal bonds are AAA is laughable in itself though..
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