Let’s say it clearly:
Irresponsible #Republican budget antics in the congress caused the #US to lose its AAA credit rating.
h/t @TheBradBlog & @GreenNewsReport
#uspol #uspolitics #MAGA #idiocracy #politics #extremism #fitch #CreditRating
#republican #US #uspol #uspolitics #MAGA #idiocracy #politics #extremism #fitch #creditrating
« #Fitch downgraded its #CreditRating for the U.S. government, from AAA to AA+, two months after the debt-ceiling crisis was resolved. “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,” the rating agency said Tuesday. Fitch said the U.S. appeared to suffer from an “erosion of governance,” pointing to the #Washington #brinkmanship over the #DebtCeiling as an example.»
#fitch #creditrating #washington #brinkmanship #debtceiling
Debt ceiling crisis past
Yet credit rating downgrades last
A challenge yet to come
#usdebt #fitch #creditrating #haiku #poetry
https://www.nbcnews.com/business/economy/fitch-downgrades-us-credit-rating-rcna84051
#USdebt #fitch #creditrating #haiku #poetry
Exclusive: #Fitch #downgraded the #UnitedStates #CreditRating to #AA+ citing #FiscalDeterioration over the next 3 yrs, repeated down-to-the-wire #DebtCeiling negotiations threatening the govt’s ability to pay its #bills, a #deterioration in #USgovernance, as well as #PoliticalPolarization reflected partly by the #Jan6 #insurrection, Richard Francis, a snr dir at #FitchRatings, told Reuters on Wed.
By Davide Barbuscia
https://www.reuters.com/markets/us/fitch-decision-cut-us-credit-rating-based-deteriorating-governance-polarization-2023-08-02/
#fitch #downgraded #unitedstates #creditrating #aa #fiscaldeterioration #debtceiling #bills #deterioration #usgovernance #politicalpolarization #jan6 #insurrection #fitchratings
China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default - China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), ... - https://news.bitcoin.com/chinas-credit-agency-downgrades-us-credit-rating-over-debt-ceiling-standoff-and-looming-default/ #chengxininternationalcreditrating(ccxi) #creditratingagency #politicaldiscord #risinginflation #creditrating #unitedstates #debtceiling #economics #downgrade #inflation #moodys
#moodys #inflation #downgrade #economics #debtceiling #unitedstates #creditrating #risinginflation #politicaldiscord #creditratingagency #chengxininternationalcreditrating
Lawmakers to Leave Washington for Weekend with no Debt Deal https://politicaliq.com/2023/05/25/lawmakers-to-leave-washington-for-weekend-with-no-debt-deal/ #DebtCeiling #DebtCeilingCrisis #Biden #McCarthy #CreditRating #Yellen #Default #interestrates #Economy #politicaliq #news #politics
#debtceiling #debtceilingcrisis #biden #mccarthy #creditrating #Yellen #default #interestrates #economy #politicaliq #News #politics
Central Banks Reduce US Dollar Swap Lines to Weekly Auctions Amid Moody’s US Banking Sector Downgrade - After the tumultuous downfall of three major banks, namely Silvergate Bank, Silico... - https://news.bitcoin.com/central-banks-reduce-us-dollar-swap-lines-to-weekly-auctions-amid-moodys-us-banking-sector-downgrade/ #centralbankdigitalcurrencies #emergencyresponse #marketobservers #bankingcrisis #centralbanks #creditrating #economics #downgrade #liquidity #recession #swaplines #usdollar
#usdollar #swaplines #recession #liquidity #downgrade #economics #creditrating #centralbanks #bankingcrisis #marketobservers #emergencyresponse #centralbankdigitalcurrencies
Rating agencies were shown to be a scam during the last crash (See 'The Big Short'), so I really don't understand why anyone takes any of their ratings seriously now.
https://www.rte.ie/news/business/2023/0422/1378477-moodys-upgrades-irelands-credit-rating-again/
#moodys #ratingagencies #scam #irisheconomy #creditrating
Coinbase cut costs and bolstered rep, but profits remain challenged: Analysts - Analysts from Moody’s and JPMorgan hailed the exchange for its st... - https://cointelegraph.com/news/coinbase-cut-costs-and-bolstered-rep-but-profits-remain-challenged-analysts #cryptocompanies #creditrating #companies #coinbase #exchange #analysts #jpmorgan #ratings #moodys
#moodys #ratings #jpmorgan #analysts #exchange #coinbase #companies #creditrating #cryptocompanies
Twitter’s credit rating was just withdrawn by S&P because of a ‘lack of sufficient information’
https://fortune.com/2022/12/02/twitter-credit-rating-withdrawn-s-and-p-lack-of-information/
S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures
https://cointelegraph.com/news/s-p-global-downgrades-coinbase-credit-rating-for-weak-q2-earnings-competitive-pressures
#creditrating #downgrade #Coinbase #SP
#creditrating #Downgrade #coinbase #sp