Fitch may cut US rating
(01-30 19:37)
Credit ratings agency Fitch Ratings says it may downgrade the United States triple-A credit rating if politicians in Washington can't reach agreement on a debt limit this year.
On Monday, Fitch left the US rating unchanged, after Congress decided to suspend the debt ceiling. But its rating's managing director, Tony Stringer, said that could change if there's no agreement on debt soon, RTHK reports.
He also warned that this is a critical year for the global economy. He said while markets were currently celebrating improving conditions in the US and Europe, challenges still remain.
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