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From fitch? reporter: we don t have to worry about fitch downgrading us right now because they are facing the fear factor, they saw s&p downgrade the united states and they became vilified, the most hated company in the world. neil: accuse the accuser. they do not want to become vilified and we saw mcgraw hill, owner of s&p down 8 percent, and the s&p stock rise and 50 percent of the revenue last year was from north american operations from public issuers and government issuers so if they downgrade . neil: are you saying fitch was cowed? guest: they will royal the markets and if that happens the public issuers lose an opportunity to action sets and they get mad at the agency for that. neil: you are mad they were mad at the s&p and we know the senate banking committee is looking into the s&p downgrade and the white house has a chilled response to the s&p ....