Business
Fitch Ratings: We Won’t Downgrade U.S.
- Posted on August 16, 2011 at 7:20am by
Jonathon M. Seidl
- Print »
- Email »
NEW YORK (AP) — Fitch Ratings says it will keep its rating on U.S. debt at the highest grade, AAA. It also says its outlook on the U.S. ratings is stable.
Fellow ratings agency Standard & Poor’s, set off a tempest in the stock market last week after it downgraded part of the U.S. debt rating from the highest grade to the second-highest grade.
Fitch cited the United States’ “flexible, diversified and wealthy economy,” as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks.
The other main ratings agency, Moody’s, still rates the U.S. debt at its highest grade but says its outlook is negative.
Popular Stories
Does Misstated Marathon Claim Prove Paul Ryan Is Dishonest? (POLL) 689 Comments
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 472 Comments
Obama: RNC Like Watching ‘Black-and-White TV’ Because Romney ‘Did Not Offer a Single New Idea’ 375 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 334 Comments
‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 318 Comments
Faith
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 310 Comments- Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More
- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 318 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
President Obama Issues Major ‘Green Energy’ Executive Order 218 Comments- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 148 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 302 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 310 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
Comments (36)
tifosa
Posted on August 19, 2011 at 9:13pmChris Christie knows Fitch. They downgraded NJ to AA- (RUN,CHRIS, RUN)
Report Post »Concerned Green Beret
Posted on August 19, 2011 at 9:22amI wouldn’t down grade either if the threat of investigation and jail loomed. Just keep lieing until 2012!!! The Jobs market should take care of our problem at the ballot box anyway.
Report Post »Comenius
Posted on August 18, 2011 at 6:59pmSmart move Fitch. I wouldn’t want to be investigated by the United States “Justice” Department either. See folks, this is how a smart dictator uses the legal system to intimidate his enemies. Eric Holder will be sure that anyone who sees what is happening to S&P will get the message and think twice before downgrading our credit rating. This embarrassment, Obama, is making our country look like a banana republic. I can’t wait for 2012. See you at the polls.
Report Post »micklaslavic
Posted on August 18, 2011 at 9:14pmMoody’s appears to be safe from any investigation and not only because they are playing ball with the AAA rating but also because Warren Buffent is a major shareholder…quid pro quo
Report Post »Relic242
Posted on August 17, 2011 at 9:52pmWho is Fitch ? We have been in business for over 45 years, never heard of them.
Report Post »Are they too from Kenya, established for years in Indionesia, and licensed in Hawaii ?
tifosa
Posted on August 19, 2011 at 9:17pmChris Christie knows Fitch. They just downgraded NJ from AA to AA- (RUN,CHRIS, RUN!!) :^)
Report Post »progressiveslayer
Posted on August 17, 2011 at 9:49pmSounds like fitch got the memo from Barry,play ball or I’ll put you out of business.
Report Post »AmeriCat
Posted on August 16, 2011 at 11:51pmFitch refuses to downgrade U.S., with now over 17 Trillion in debt
…with no spending cuts?
[ 10 billion in first 3 years and no guarantees! What a joke! ]
Crony Capitalism! So….who was it? …..Who …paid off….Fitch?
Report Post »dirtypolitics
Posted on August 16, 2011 at 11:20pmFitch? What is that. Oh, another rating agency just to neutralize Standard and Poor’s downgrade?
Very obvious, much too obvious.
Report Post »flatbroke
Posted on August 16, 2011 at 8:35pmThis makes me feel soooo much better…… not!
Report Post »Juergensen
Posted on August 16, 2011 at 5:00pmFitch = Wholly Owned Subsidiary of DNC
Report Post »avenger
Posted on August 16, 2011 at 6:07pmwhoopee..lets fool the dopes some more! these guys must be all public school grads !
Report Post »TheCenturion
Posted on August 16, 2011 at 10:35pmEither that or they got a “bailout”.
Report Post »mr anarchy
Posted on August 16, 2011 at 10:57pmand then standard and poors is republicans–ownership so they purposely downgraded american for politics…
you are a joke
Report Post »Pattondog
Posted on August 16, 2011 at 12:46pmwho the heck is Fitch? might as well come out and say ronald mc donald gives us a triple “A” rating.
Report Post »saranda
Posted on August 17, 2011 at 3:47pmYour ignorance shows with comments like this. How about you see this as a positive instead of always looking for negatives. Patriots my ass.
Report Post »USA1Patriot
Posted on August 16, 2011 at 12:15pmFitch – The best rating company, Soros money can buy.
Report Post »V-MAN MACE
Posted on August 16, 2011 at 11:51amAnd we don’t care, Fitch, you’re just like the big 3 credit agencies (Transunion, Experian, Equifax) with your “proprietary”, “secret” criteria.
Go away you fraud.
Report Post »ddg7
Posted on August 16, 2011 at 11:35amFitch has historically been the red headed step-child in the ratings market. Most corporations and investors ignore Fitch. Today’s Fitch rating for the U.S. just confirms why their opinion is so inconsequential.
Report Post »bajasurfer
Posted on August 16, 2011 at 11:32amFitch ? Ha ! That’s funny . What a joke .
Report Post »TheDebtWeAllPay
Posted on August 16, 2011 at 11:30ammust not have gave s & p enough money
Report Post »bama54m
Posted on August 16, 2011 at 11:25amThis is simple;
Report Post »President Dumbo wake up
IF YOUR OUTGO
ECEEDS YOUR INCOME;
YOUR UPLEEP
WILL BE YOUR DOWNFALL;
Just sayin,,,
TxMadMac
Posted on August 16, 2011 at 11:11amsoros must have told them to hold the line for now until he and obama can set it up to make another butload of money on the next crash!!!!!
Report Post »wesleyapril
Posted on August 16, 2011 at 11:17amActually Mac, that makes the most sense to me.
Report Post »AmeriCat
Posted on August 16, 2011 at 11:57pmYup…that pulls the puzzle together!
Soros Darth Vader money first creates chaos
and then makes even more Soros Darth Vader money!
Wonder if he has a Darth Vader Bus….like Obama?
Report Post »wesleyapril
Posted on August 16, 2011 at 11:06amI never even heard of this Finch before, but something doesn’t sound right here to me, and I am not into economics. Something is smelly in D.C.
Report Post »HD Veteran
Posted on August 16, 2011 at 10:58amProbably promised them a “bail out” in the next go around…or called in a payment for the last bail-out.
Report Post »michael48
Posted on August 16, 2011 at 10:53amCIF = Cash In Fist….UOG= Until Obimbo Gone……even then “never trust the District of Criminals”…infestation of Dem-Coms/Rino-Tards is MASSIVE…it’s about CONTROL, you don’t enter into the equation until Nov. every 4 years…YOYO= You’re on your OWN…
Report Post »SamIamTwo
Posted on August 16, 2011 at 10:51amWho paid them off?
Report Post »wscitgo
Posted on August 16, 2011 at 10:30amAbsolutely no surprise here—-all of the debt rating agencies are in the back pockets of the banking oligarch.
http://dont-tread-on.me/can-you-feel-it-coming/
Report Post »smithclar3nc3
Posted on August 16, 2011 at 10:44amExactly only a a rigged game can someone be almost 16,700,000,000,000 in debt and have AAA credit. Apearantly S and P is the only agency that dares questions idiocy.
Report Post »rmurfster
Posted on August 16, 2011 at 10:24am1 credit agency downgrades, 1 says they won’t, and one downgrades the outlook, but not the credit rating. This is an obvious attempt to slowly bring down the economy in a controlled manner. Cause some panic, but not too much.
Report Post »bhelmet
Posted on August 16, 2011 at 10:02amI am sure there was NO intimidation. wink wink
Report Post »American Soldier (Separated)
Posted on August 16, 2011 at 10:02amBought and paid for
Report Post »