Posts Tagged ‘ credit crunch ’

Ratings agency Fitch warns US of possible credit downgrade

Dec 21st, 2011 | By | Category: News

Fitch issues warning that America could lose its AAA rating in two years if it cannot come up with plan to slash federal deficit The ratings agency Fitch has warned that it may downgrade America’s triple-A credit rating unless action was taken to reduce federal debt. Fitch said the country’s rising debt burden was not consistent with maintaining its top rating, but said it would probably not make a decision before 2013