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Zenger
Business
Piero Cingari

Yellen Criticizes Fitch’s Credit Downgrade, Defends Strong US Economy

Fitch Janet Yellen United States Economy US Treasury Bonds
Chart showing Long-Term Treasuries Fall To The Lowest Level In Nearly 9 Months.  Long-dated U.S. Treasury bonds fell on Wednesday as yields continued to rise. BENZINGA.

U.S. Treasury Secretary Janet Yellen is publicly criticizing Fitch’s decision to downgrade the United States’ credit rating, a move that led to a significant drop in stock prices on Wednesday.

According to their website, Fitch Ratings is a leading provider of credit ratings, commentary and research for global capital markets. They offer sovereign credit ratings that describe each nation’s ability to meet its debt obligations. Sovereign credit ratings are available to investors to help give them insight into the level of risk associated with investing in a particular country.

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