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Fitch Warns It May Cut U.S. Credit Rating From AAA

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October 16, 2013 AT 7:48 AM
By Daniel Bases NEW YORK (Reuters) - Fitch Ratings warned on Tuesday it could cut the sovereign credit rating of the United States from AAA, citing the political brinkmanship over raising the federal debt ceiling. "Although Fitch continues to believe that the debt ceiling will be raised soon, the political brinkmanship and reduced financing flexibility could increase the risk of a U.S. default," the firm said in a statement. The firm put its opinion about the creditworthiness of U.S. ...