Fitch may downgrade the US rating


The international rating agency Fitch reported that it could lower the sovereign credit rating of the United States triple-A (AAA) due to the suspension of the work of the federal departments of the US administration.

Fitch CEO James McCormack stressed that if the work of the federal departments does not resume until March 1, then in a few months this will create problems associated with the national debt ceiling.

Since the end of last year, a number of US federal agencies have suspended work due to lack of funding. The Republican and Democratic parties are unable to agree on a budget due to disagreements over the construction of a wall on the border with Mexico.

The current situation calls into question optimistic forecasts of investment banks and the US government regarding the development of the country's economy in 2019. At the same time, the consequences of a slowdown in US economic growth will negatively affect the entire global economy, including the Russian one, which will cause additional pressure on the national currency rate.

The material has been provided by InstaForex Company -