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Fitch: U.S. 'AAA' rating at risk if debt ceiling not raised
August 23, 2017 / 3:22 PM / 3 months ago

Fitch: U.S. 'AAA' rating at risk if debt ceiling not raised

Aug 23 (Reuters) - Credit ratings agency Fitch Ratings on Wednesday said a failure by U.S. officials to raise the federal debt ceiling in a timely manner would prompt it to review the U.S. sovereign rating, “with potentially negative implications.”

Fitch, which currently assigns the U.S. its highest rating - “AAA” - said in a statement that the prioritization of debt service payments over other government obligations, should the debt ceiling not be raised, “may not be compatible with ‘AAA’ status.”

Reporting By Dan Burns

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