#Fitch #downgrades #USA #credit_rating from AAA to AA+

The US government's #credit_rating has been #downgraded following concerns over the state of the country's finances and its debt burden.

Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.

Fitch said it had noted a #steady_deterioration in governance over the last 20 years.

#US_Treasury_Secretary #Janet_Yellen called the downgrade "arbitrary".

It was based on "outdated data" from the period 2018 to 2020, she said.

MORE #BULLSHIT! YOUR FIRED! NO MORE BOGUS EXCUSES YOUR FIRED!

Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government. The US is usually considered a highly secure investment because of the size and relative stability of the economy.

However, this year saw another round of political brinkmanship over government borrowing.

In June the government succeeded in lifting the debt ceiling to $31.4 trillion (£24.6 trillion) but only after a drawn-out political battle, which threatened to push the country into defaulting on its debts.

When Congress returns from its summer recess, lawmakers will have to work to reach an agreement on next year's budget before the end of September to prevent a government shutdown.

"The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance" relative to peers, said Fitch in a statement.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said.

Ms Yellen said she "strongly" disagreed with Fitch's decision.

"Treasury securities remain the world's preeminent safe and liquid asset, and... the American economy is fundamentally strong," she said in a statement.

The timing and rationale behind the downgrade has taken many economists by surprise.

Former US Treasury Secretary Larry Summers said Fitch's decision is "bizarre and inept," particularly as the US economy "looks stronger than expected," he said in a post on Twitter, now known as X.

Mohamed El-Erian, the chief economic adviser at financial services giant Allianz, said the Fitch announcement was "a strange move".

"This announcement is more likely to be dismissed than have a lasting disruptive impact on the US economy and markets," he posted on the Threads social media platform.

Fitch also said it expects the US to slip into a mild recession later this year.

However, *Nobel Prize-winning economist Paul Krugman said "the biggest economic news over the past year has been America's remarkable success at getting inflation down without a recession".

* TOTAL #BULLSHIT ABOVE FOLKS!!

https://www.bbc.com/news/business-66379366

JOBS FOR ALL WORLDWIDE!

CONNECT Today for EARLY #INVITE. TastingTraffic LAUNCHING SOON!

WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending).

Upon launch all will be notified.

* Software Architect (PhD) Supervisor -25 years 100K PMS hours
* EXPERT BLACK BOX TESTER
* Founder of SEO (Search Engine Optimization)
* Founder of RTB (Real Time Bidding)
* Founder of HFT (High Frequency Trading)

https://Withbrains.com/@Davidv ® (Decentralized SOCIAL Network | Signup for Early Invite);
https://TastingTraffic.net ® (#International_Tech_News);
http://JustBlameWayne.com ® (Just Blame Wayne & Post it);
http://Davidv.TV ® (Big Faith | Christianity RAW 101) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#Fitch #downgrades #USA #credit_rating from AAA to AA+

The US government's #credit_rating has been #downgraded following concerns over the state of the country's finances and its debt burden.

Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.

Fitch said it had noted a #steady_deterioration in governance over the last 20 years.

#US_Treasury_Secretary #Janet_Yellen called the downgrade "arbitrary".

It was based on "outdated data" from the period 2018 to 2020, she said.

MORE #BULLSHIT! YOUR FIRED! NO MORE BOGUS EXCUSES YOUR FIRED!

Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government. The US is usually considered a highly secure investment because of the size and relative stability of the economy.

However, this year saw another round of political brinkmanship over government borrowing.

In June the government succeeded in lifting the debt ceiling to $31.4 trillion (£24.6 trillion) but only after a drawn-out political battle, which threatened to push the country into defaulting on its debts.

When Congress returns from its summer recess, lawmakers will have to work to reach an agreement on next year's budget before the end of September to prevent a government shutdown.

"The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance" relative to peers, said Fitch in a statement.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said.

Ms Yellen said she "strongly" disagreed with Fitch's decision.

"Treasury securities remain the world's preeminent safe and liquid asset, and... the American economy is fundamentally strong," she said in a statement.

The timing and rationale behind the downgrade has taken many economists by surprise.

Former US Treasury Secretary Larry Summers said Fitch's decision is "bizarre and inept," particularly as the US economy "looks stronger than expected," he said in a post on Twitter, now known as X.

Mohamed El-Erian, the chief economic adviser at financial services giant Allianz, said the Fitch announcement was "a strange move".

"This announcement is more likely to be dismissed than have a lasting disruptive impact on the US economy and markets," he posted on the Threads social media platform.

Fitch also said it expects the US to slip into a mild recession later this year.

However, *Nobel Prize-winning economist Paul Krugman said "the biggest economic news over the past year has been America's remarkable success at getting inflation down without a recession".

* TOTAL #BULLSHIT ABOVE FOLKS!!

https://www.bbc.com/news/business-66379366

JOBS FOR ALL WORLDWIDE!

CONNECT Today for EARLY #INVITE. TastingTraffic LAUNCHING SOON!

WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending).

Upon launch all will be notified.

* Software Architect (PhD) Supervisor -25 years 100K PMS hours
* EXPERT BLACK BOX TESTER
* Founder of SEO (Search Engine Optimization)
* Founder of RTB (Real Time Bidding)
* Founder of HFT (High Frequency Trading)

https://Withbrains.com/@Davidv ® (Decentralized SOCIAL Network | Signup for Early Invite);
https://TastingTraffic.net ® (#International_Tech_News);
http://JustBlameWayne.com ® (Just Blame Wayne & Post it);
http://Davidv.TV ® (Big Faith | Christianity RAW 101) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

#Fitch #downgrades #USA #credit_rating from AAA to AA+

The US government's #credit_rating has been #downgraded following concerns over the state of the country's finances and its debt burden.

Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.

Fitch said it had noted a #steady_deterioration in governance over the last 20 years.

#US_Treasury_Secretary #Janet_Yellen called the downgrade "arbitrary".

It was based on "outdated data" from the period 2018 to 2020, she said.

MORE #BULLSHIT! YOUR FIRED! NO MORE BOGUS EXCUSES YOUR FIRED!

Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government. The US is usually considered a highly secure investment because of the size and relative stability of the economy.

However, this year saw another round of political brinkmanship over government borrowing.

In June the government succeeded in lifting the debt ceiling to $31.4 trillion (£24.6 trillion) but only after a drawn-out political battle, which threatened to push the country into defaulting on its debts.

When Congress returns from its summer recess, lawmakers will have to work to reach an agreement on next year's budget before the end of September to prevent a government shutdown.

"The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance" relative to peers, said Fitch in a statement.

"In Fitch's view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025," the rating agency said.

Ms Yellen said she "strongly" disagreed with Fitch's decision.

"Treasury securities remain the world's preeminent safe and liquid asset, and... the American economy is fundamentally strong," she said in a statement.

The timing and rationale behind the downgrade has taken many economists by surprise.

Former US Treasury Secretary Larry Summers said Fitch's decision is "bizarre and inept," particularly as the US economy "looks stronger than expected," he said in a post on Twitter, now known as X.

Mohamed El-Erian, the chief economic adviser at financial services giant Allianz, said the Fitch announcement was "a strange move".

"This announcement is more likely to be dismissed than have a lasting disruptive impact on the US economy and markets," he posted on the Threads social media platform.

Fitch also said it expects the US to slip into a mild recession later this year.

However, *Nobel Prize-winning economist Paul Krugman said "the biggest economic news over the past year has been America's remarkable success at getting inflation down without a recession".

* TOTAL #BULLSHIT ABOVE FOLKS!!

https://www.bbc.com/news/business-66379366

JOBS FOR ALL WORLDWIDE!

CONNECT Today for EARLY #INVITE. TastingTraffic LAUNCHING SOON!

WELCOME TO THE FUTURE OF ADVERTISING! | If it Tastes Good, You Gotta LOVE IT! (Patent Pending).

Upon launch all will be notified.

* Software Architect (PhD) Supervisor -25 years 100K PMS hours
* EXPERT BLACK BOX TESTER
* Founder of SEO (Search Engine Optimization)
* Founder of RTB (Real Time Bidding)
* Founder of HFT (High Frequency Trading)

https://Withbrains.com/@Davidv ® (Decentralized SOCIAL Network | Signup for Early Invite);
https://TastingTraffic.net ® (#International_Tech_News);
http://JustBlameWayne.com ® (Just Blame Wayne & Post it);
http://Davidv.TV ® (Big Faith | Christianity RAW 101) are not affiliates of this provider or referenced images used. This is NOT an endorsement OR Sponsored (Paid) Promotion/Reshare.

Bruno #Lemaire , commente la dégradation de la notation financière de la France de AA à AA- en 2023 :

"Le faits infirment l'appréciation de #Fitch nous sommes en mesure de faire des réformes structurelles pour le pays."

Also Lemaire Bruno mais en 2013, sous Hollande donc, quand Standard & Poor's à passé la note de la France de...AA à AA- :

"Cette dégradation est un carton rouge pour la politique économique et budgétaire de F. Hollande."

(Rapporté par le palmipède du 3.5.23)

Faut croire qu'en 10 ans, les mécanismes économiques ont changé du tout au tout.

#CestPasPareil #CaNaRienAVoir #fautpastoutmelanger #BassInYourFace

RT @ECiotti: Notation #Fitch : La France danse sur un volcan.

Trop de nos responsables politiques entretiennent le déni mais la France décline, elle est dangereusement engagée sur la pente du déclassement.

Retrouvez mon entretien pour @Le_Figaro ⬇️⬇️
https://www.lefigaro.fr/politique/eric-ciotti-le-declassement-fitch-est-un-coup-de-semonce-et-la-france-danse-sur-un-volcan-20230501 https://t.co/rHqwu8Gcuf

🐦🔗: https://n.respublicae.eu/philippejuvin/status/1653349913898500096

Alors que Macron a offert l’ignoble réforme des retraites aux marchés, l’agence #Fitch baisse quand même la note de la France ! Quel succès Macron ! 🤦

Fitch précise notamment qu’il ne fallait pas émettre des obligations indexées sur l’inflation !
On avait prévenu !

🐦🔗: https://n.respublicae.eu/f_philippot/status/1652201241814900736

Macronovy reformy způsobily snížení ratingu Francie. Klesla na úroveň Česka
#Fitch #francie #rating
https://echo24.cz/a/HEuZ3/zpravy-svet-rating-francie-uverova-spolehlivost-uroven-ceska

Qui va oser dire que cette contre-réforme des retraites n'a pas été faite pour amadouer les agences de notation.
Et ça aussi ils arrivent à le foirer ; du coup, on a à la réforme et en même temps on est mal notés.
Quel talent !

"L'impasse politique et les mouvements sociaux (parfois violents) constituent un risque pour le programme de réformes de Macron et pourraient créer des pressions en faveur d'une politique budgétaire plus expansionniste ou d'un renversement des réformes précédentes...
...Le gouvernement a eu recours à l'article 49-3 pour faire adopter la réforme des retraites, se passant d'un vote au Parlement, ce qui a entraîné un net durcissement de la contestation sociale."

(Communiqué officiel de Fitch)

#dette #Fitch #agencesdenotation #retraites #climatsocial #interetsdeladette

https://www.bfmtv.com/economie/dette-l-agence-fitch-abaisse-la-note-de-la-france-d-un-cran-a-aa_AD-202304280891.html