Fitch places Fannie Mae, Freddie Mac on unfavorable watch as US debt deadline looms

FILE PHOTO: A person walks by a plaza on the new Fannie Mae headquarters in Washington, U.S., October 4, 2022. REUTERS/Kevin Lamarque/File Photograph

Fitch has positioned the scores of U.S. mortgage finance giants Fannie Mae and Freddie Mac on look ahead to a attainable downgrade as U.S. lawmakers’ negotiations to boost the federal government’s debt ceiling dragged on with no decision.

This comes after the scores company on Wednesday had warned that the U.S. credit standing might be downgraded if a debt ceiling deal was not reached quickly.

Fitch places US ranking on unfavorable watch as debt deadline looms

In an announcement on Thursday night, Fitch stated the transfer mirrored “uncertainty surrounding the decision of the RWN (Score Watch Unfavorable) on the U.S.”

Negotiators for Democratic President Joe Biden and prime congressional Republican Kevin McCarthy on Thursday gave the impression to be nearing a deal to chop spending and lift the federal government’s $31.4 trillion debt ceiling, with little time to spare to move off the chance of default.


White Home nonetheless sees path to answer on debt disaster

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