The Latest Breaking News from Fitch

Jim Cramer Advises Selling Plug Power, Recommends Holding Live Nation

Cramer expresses disappointment in Plug Power, highlights opportunities in Live Nation.

Zenger · Aug 3, 2023

Did Fitch ditch its credibility by playing politics? Here’s why ratings agencies have a knack for getting it wrong

A review of the ratings agencies’ track record suggests that they are not very good at their raison d’être: giving ratings.

Fortune · Aug 3, 2023

Fitch Ratings Downgrades US Credit Rating Amid Governance Concerns

Deterioration in governance and political polarization cited as factors in the unexpected move.

Zenger · Aug 3, 2023

Cryptocurrency Market Plunges As Investors Shrug Off Macro Events

Current market trend may change if the SEC approves any of the spot Bitcoin ETF applications submitted in mid-June.‌

Zenger · Aug 3, 2023

Here's why top economists are calling Fitch's decision to downgrade America's credit rating 'bizarre and inept'

“The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance," Fitch Ratings said.

Fortune · Aug 2, 2023

Fitch just downgraded the U.S. credit rating — how much does it matter?

The U.S. is no longer rated at the top-notch AAA by Fitch. Here's what credit ratings are, and why they (mostly) matter.

WEKU · Aug 2, 2023

The US government's debt has been downgraded. Here's what to know

Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that contributed to sharply lower stock prices in Wednesday trading

The Independent UK · Aug 2, 2023

Why Investors Needn't Worry About U.S. Credit Downgrade

The United States saw its credit rating downgraded for just the second time in history, but experts aren't worried about the long-term damage to stocks.

Kiplinger · Aug 2, 2023

‘Erosion of governance’ led Fitch to downgrade US credit rating

Trump’s efforts to overturn election and political polarization led agency to decision, says senior director

The Guardian - US · Aug 2, 2023

Times are tough, but the doomsters’ predictions have been wrong so far

City Comment: If you had believed the mainstream forecasters, we would already be in recession

Evening Standard · Aug 2, 2023