US Faces Rating Pressure But Outlook Is Stable, Fitch Chief Says

Another US downgrade any time soon would be an unusual move so quickly after Fitch Ratings stripped the country of its top score, according to the company’s chief sovereign analyst.

James Longsdon, the credit assessor’s global group head of sovereign and supranational ratings, told reporters in Frankfurt on Wednesday that the decision in 2023 to cut America by one notch to AA+ effectively baked in a lot of what has since transpired, even if “the pressures are certainly there.”

“Ratings tend to move, then they sit for a while and they may be there for a long while, but ...