Fitch places U.S. on AAA rating downgrade watch

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Ratings agency Fitch on Wednesday put the United States on watch for a possible downgrade over a risk of default amid a government impasse on raising the national borrowing limit.

Fitch said the AAA rating "reflects increased political partisanship that is hindering reaching a resolution to raise or suspend the debt limit" ahead of a looming deadline.

Source(s): AFP