Fitch Ratings says US is unable to preserve AAA ratings
Fitch Ratings said Wednesday the U.S. probably wouldn't be able to preserve its "AAA" sovereign ratings status if it didn't make "full and timely" payments on its debt.
The ratings agency said it was confident that the U.S. would raise its debt ceiling and make payments on the debt, but that "such a 'tail risk' for the world's most important fixed-income issuer warrants comment as well as clarity from Fitch for users of its ratings ..."
Disputes between Republicans and Democrats have hampered measures to raise the debt ceiling. The U.S. reached the debt limit of $14.3 billion last month.