The government shutdown threatens the US with a credit-rating cut for only the 2nd time in history

January 9, 2019


Fitch, one of the “Big Three” ratings agencies, has warned that the continued government shutdown puts the US at risk of losing its “AAA” credit rating in the near future.

Speaking in London Wednesday, James McCormack, Fitch’s global head of sovereign ratings said that if the government shutdown continues long enough to push the US into hitting its debt ceiling, that could lead to a downgrade, something that has only happened once before.

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