Fitch says US government shutdown does not have near-term implications for rating

  • Fitch rates US debt at AA+/stable
USA

Fitch is out saying that the US government shutdown does not have near term implications for its AA+/stable rating:

  • Regular reliance on continuing resolutions to keep government operations running shows continued weaknesses in U.S. fiscal policymaking.

  • Despite increased uncertainty around U.S. policy, expect the U.S. dollar’s predominant reserve currency status to continue for the foreseeable future.

  • Reversing previously enacted Medicaid cuts would not meaningfully impact near-term U.S. deficit forecasts.

  • Potential for a U.S. government shutdown to adversely affect economic growth would depend on its scope and duration.

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