Fitch takes US off negative ratings watch
By Associated Press
A credit rating firm (click here) has concluded a review of the United States’ credit rating and reiterated that it deserves the highest rating.
Fitch Ratings had started a review of the U.S. debt rating in October and warned it might downgrade the nation’s rating....
Mar 21, 2014 5:08 AM ET
Russia’s credit rating outlook (click here) was cut to negative by Fitch Ratings, citing the potential impact on a slowing economy of widening U.S. and European Union sanctions imposed as it absorbs Ukraine’s Crimea region.
Fitch followed a similar move by Standard & Poor’s yesterday. Both companies affirmed the former Soviet republic at BBB, the second-lowest investment grade, on par with Brazil. Yields on 10-year sovereign ruble bonds rose to 9.66 percent, within 13 basis points of the five-year high on March 14, while The ruble continued declines....
