Fitch Ratings said Wednesday that a failure to raise the U.S. debt limit in a “timely manner” would prompt a review of the country’s credit rating, which is currently at AAA—the highest possible.
The ability of lawmakers to meet two key fiscal deadlines next month will serve as a litmus test for “coherent fiscal policy making and cooperation,” according to the bond-rating firm.
“Brinkmanship over the debt limit could ultimately have rating consequences, as failure to raise it would jeopardise the Treasury’s ability to meet debt service and other obligations,” wrote Charles Seville, James McCormac and Mark Brown on Fitch’s sovereign rating Read More

Source:: wsj