India 360: Fitch Puts Americas AAA Credit Rating On Negative Watch Amid Debt Ceiling Battle

Instead of moving towards a solution, the debt ceiling crisis in America is getting deeper. There was a meeting between US President Joe Biden and House Speaker Kevin McCarthy for about 4 hours but no deal was reached between them. Seeing the issue of the debt ceiling getting entangled in a political tussle, the rating agencies are now turning their eyes on America. Fitch, one of the top credit rating agencies placed the US “AAA” on “rating watch negative. What is the debt ceiling? What will happen if US rating downgrades? What will be its impact? Know in this special discussion of India 360.