On the heels of upheaval in the U.S. House of Representatives, Fitch Ratings remains unwavering in its stance on the country’s credit. A potential U.S. government shutdown following the removal of U.S. Rep. Kevin McCarthy as House speaker will not impact the nation’s credit rating, Fitch said Wednesday.
Following McCarthy’s unseating from his leadership role amid a revolt by staunch Republicans over McCarthy’s consensus with Democrats to thwart a shutdown, Bloomberg reported Fitch’s stance on the matter. Analysts, including those from Goldman Sachs, have said the political development may escalate the chances of a shutdown after temporary funding expires next month.
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