Fitch warns of possible cut to US rating if shutdown continues

Baku. 9 January. REPORT.AZ/ Fitch warned on Wednesday of a possible cut to the U.S. triple-A sovereign credit rating later this year if the ongoing government shutdown leads to it hitting its debt ceiling and hampering budget setting, Report informs citing Reuters.

“If this shutdown continues to March 1 and the debt ceiling becomes a problem several months later, we may need to start thinking about the policy framework, the inability to pass a budget... and whether all of that is consistent with triple-A,” Fitch’s global head of sovereign ratings James McCormack said on Wednesday in London.

The agency may reconsider the US credit rating.