Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors and analysts said.
Wall Street’s three major indexes ended lower on Wednesday, a day after Fitch unexpectedly stripped the U.S. of its top credit rating, with the ratings agency saying expected fiscal deterioration over the next three years and repeated debt ceiling disputes threaten the government’s ability to pay its bills.
Read More : Fitch Downgrade Raises Investor Concerns About US Fiscal Picture