Skip to comments.Breaking: Fitch Ratings backs US 'AAA' credit rating
Posted on 08/16/2011 6:52:04 AM PDT by Hawk720
Fitch Ratings said Tuesday it will keep its rating on U.S. debt at the highest grade, AAA. It also says its outlook on the U.S. ratings is stable.
The move gives the U.S. a reprieve after fellow ratings agency Standard & Poor's set off a tempest in the stock market last week by downgrading part of the U.S. debt rating from the highest grade to the second-highest grade.
Fitch cited the United States' "flexible, diversified and wealthy economy," as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks.
The other main ratings agency, Moody's, still rates the U.S. debt at its highest grade but says its outlook is negative.
(Excerpt) Read more at msnbc.msn.com ...
So which Obama donor owns Fitch....?
“So which Obama donor owns Fitch....?”
Not sure, but we do know his pal Buffett owns a chunk of Moodys.
S&P and Moody’s downgraded.
Guess they got leaned on.
Plus, like they’ve got this really super cool and way smart black president. And he’s like so not George Bush and stuff.
Hmmm. I see Bambi’s attack on S&P paid off...
This is exactly what is done in every banana republic in the world. When some outside source is unfavorable to you, you crush it - legally, through “investigations” and the threat (and sometimes reality) of lawsuits and criminal charges.
Maybe more institutions would stand up to this punk if the GOP would show a little less willingess to ‘compromise’ with the b*stard and his criminal party in congress.
“The Fitch Group is a majority-owned subsidiary of Fimalac, S.A., headquartered in Paris, France.”
France. F*** France.
Fitch Group, which is 60%-owned by Fimalac alongside the Hearst Group, is a major financial services player with a strong presence in the ratings market (Fitch Ratings) and the enterprise risk management solutions market (Algorithmics).
Hearst, an extreme left-wing group that suports Obama. Helen Thomas was part of the Hearst group if I recall correctly.
I guess the check didn’t bounce. I wonder who got bribed.
Sounds like The Chicago Way. I think you called it.
This does not carry much weight. Fitch is an also-ran credit rating agency.
Maybe it’s just my ignorance, but over the years I have often heard Moody’s and S&P cited on ratings, but I never heard of Fitch.
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