Fitch Threatens to Strip America of 'AAA' Credit Rating

THE DAILY TELEGRAPH: Rating agency says it could slash America's prized rating, while further delays to raising the debt ceiling will damage the country's credibility

Fitch has warned that it could strip America of its prized "AAA" credit rating, amid heightening fears that the world’s largest economy is headed for a default.

Prolonged negotiations in Washington risk “undermining confidence in the role of the US dollar as the preeminent global reserve currency, by casting doubt over the full faith and credit of the US,” Fitch said, as it placed the country on "negative watch". » | Katherine Rushton, US Business Editor | Tuesday, October 15, 2013