Fitch Ratings Inc. is an American credit rating agency and is one of the “Big Three credit rating agencies”, the other two being Moody’s and Standard & Poor’s. It is one of the three nationally recognized statistical rating organizations designated by the U.S. Securities and Exchange Commission in 1975.
Who the hell is Fitch, and why does his downgrade matter? I’m uninformed. Okay I read it. Credit rating. Give me a break
This rating going down makes the dollar weaker.
Meaning we have to pay more, because the dollar is worth less internationally, to pay the national debt back.
In other words, the ‘pro-economy republicans’ that stormed the capitol just increased the national debt by about 45 billion a year.
But helping student loan borrowers would have cost too much. For fuck’s sake.
Fitch Ratings Inc. is an American credit rating agency and is one of the “Big Three credit rating agencies”, the other two being Moody’s and Standard & Poor’s. It is one of the three nationally recognized statistical rating organizations designated by the U.S. Securities and Exchange Commission in 1975.
Can you please explain why you don’t think a nation’s credit rating is important?
Essentially, no one can call our debts. I miss David Graeber.
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