Will PMs go up if US get downgraded by Fitch
Posted: Mon Nov 12, 2012 10:17 pmWill PMs go up if US get downgraded by Fitch-- From http://www.fitchratings.com/creditdesk/press_releases/detail.cfm?print=1&pr_id=767903&cm_sp=USecon-_-research-_-No%20Fiscal%20Honeymoon%20for%20President%20Obama
On current projections, the Treasury Secretary will likely have to implement extraordinary measures by year-end to maintain borrowing capacity under the current debt ceiling of USD16.394trn. Failure yet again to reach agreement on raising the debt ceiling in a timely manner - not Fitch's expectation - would undermine confidence in the United States as a reliable borrower and thus its 'AAA' status, prompting a formal review of the US sovereign rating.