Fitch Ratings Put America On Negative Watch!

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 An impasse in reaching a debt ceiling agreement that brings the United States to the brink of 'default' could affect its credit rating, Fitch Ratings warned.


Most recently, the credit rating agency put America's highest credit rating AAA on negative watch.


The move comes as Republican and Democratic lawmakers negotiate to raise the US debt limit, where the two sides are seen to remain far apart on certain issues.


According to Fitch, the negative rating reflects the increasing political game has prevented the US from reaching a resolution to raise the debt limit even though the deadline is approaching.



The US Treasury is now running out of cash to keep the government running.


US Treasury Secretary Janet Yellen has repeatedly warned that if the debt ceiling fails to be raised before June 1, the country will face a 'default' situation.


It will not only have a bad effect on the United States, but also the whole world.


Fitch is one of the three leading credit rating agencies along with Moody's and S&P.