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BBCNEWS Asia July 4, 2024

Strongly disagree with fitchs decision, and i believe it is entirely unwarranted. Its flawed assessment is based on outdated data, and fails to reflect improvements across a range of indicators, including those related to governance that weve seen over the past 2. 5 years. That weve seen over the past 25 yeas that weve seen over the past 2. 5 ears. ,. , , 2. 5 years. Other democrats used the downgrade 2. 5 years. Other democrats used the downgrade as 2. 5 years. Other democrats used the downgrade as an 2. 5 years. Other democrats used the downgrade as an opportunityi the downgrade as an opportunity to point the finger at republicans. While Republicans Blamejoe Biden and democrats for trillions of dollars in new spending. Many economists dismiss the downgrade, Includingjp Morgan dismiss the downgrade, including
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BBCNEWS Asia Business Report June 4, 2024 00:30:00

ratings markets. this after ratings agency, fitch stripped america of it. and an erosion of governance that multiplied many times in debt limit stand offs. from new york, our correspondent reports. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report, and for the first time since 2011, that rating has been downgraded from aaa to aa plus. fitch said that the assault on the capitol on january 6 was a factor in the decision, contributing to what they perceive as a steady deterioration of standards of governance over the last 20 years. from wall street to washington, reaction was swift. us markets tumbled with tech stocks leading the nasdaq lower, while bond investments pushed up treasury yields higher. in washington, treasurer secretary janet yellen reacted with anger. i ....

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