A Fitch Ratings analyst on Tuesday warned the agency may be forced to cut the credit ratings of more than a dozen banks, including some major Wall Street lenders. Another one-notch downgrade of the industry’s score, to A+ from AA-, would force Fitch to reassess ratings on each of the more than 70 U.S. banks it […]
Fitch Warns Multiple US Banks Face Credit Downgrade: Report Read More »
In the two months since then, the national debt — which measures what the U.S. owes its creditors — has surged to roughly $32.69 trillion as of Friday afternoon. The unrelenting increase is what prompted Fitch Ratings to issue a surprise downgrade of the nation’s long-term credit score in early August. “America’s fiscal outlook is more dangerous and daunting
US National Debt Tracker: See How Much the Government Obligations Cost Read More »
Fitch Ratings’ decision to strip the U.S. of its triple-A credit rating last week was widely dismissed as meaningless This time, though, bond yields rose. That suggests Fitch’s action deserves our attention, not because it tells us anything new but because it joins the stack of evidence of how profoundly different, and risky, the nation’s fiscal situation
Why Fitch’s Downgrade Matters Read More »
Ratings agency Fitch on Tuesday downgraded the U.S. government’s top credit rating to AA+ from AAA, citing an expected fiscal deterioration over the next three years as well as a high and growing general government debt burden. “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years,
Fitch Cuts US Credit Rating a Notch From AAA to AA+ Read More »
Silver gained strong upside momentum as gold/silver ratio declined from 84 to 78.50. The Fed may soon make its last rate hike in this cycle, so demand for precious metals could grow as traders prepare for future rate cuts. A combination of positive catalysts could push silver towards the $30 level. Falling gold/silver ratio, rising
Silver Price May Test $30 This Year Read More »
