London (ap) - the United States may lose its highest credit rating from the lead agency for the second time to improve the country's debt ceiling, if there is a delay, fitch ratings warned on Tuesday.
Congress on March 1 increase the country's debt ceiling, thus effectively rule the United States can have how much debt, or face a potential default. People worry, debate will get into that kind of argument and political brinkmanship, marking the final effort, in the summer of 2011 upper limit increase. The Treasury has warned that it has almost reached a point, it will be unable to "to fulfill our promise."
Standard &poor's 2011 years of debate function of tonal attention, it deprives American 3 a rating in the country for the first time in history. As fitch ratings, moody's the prospect of the us economy negative views.
"The United States rating pressure, if any, on the increase," David riley said, Fitch Ratings (Fitch Ratings) global sovereign state department director general manager. "We think, the 2011 Asian financial crisis is a one-time event... if we have a repeat, we will review the rating.
Fitch ratings have a negative prospects about the United States as the country's debt burden has risen to account for about 100% of gross domestic product, and has said it will make the rating decision, this year, no matter how debt ceiling discuss the out of the pot. The United States government in 2012 reached the end of its statutory debt limit nearly $16.4 trillion, but the design should see its special measures, through the month.
Riley's comments come in two weeks later, the United States members of congress agreed to a budget agreement White House, to avoid the so-called "fiscal cliff" automatic tax increases and spending cuts, many economists think may tumbled of the U.S. economy, the world's largest, back to the economic recession. Relief trade together, but in the last hour, why in the financial market sentiment has been in the New Year the first trading day one of the reasons for the buoyancy. All over the world many stock index trading in high for many years.
"" wealth cliff" bullet away... (but) a short-term patching, "riley said.
Reilly warned that different weapons, the U.S. government still has many problems to deal with. And improve the debt ceiling, they must agree to cut costs has been delayed financial cliff agreement and back part of the measures, in order to avoid the government shut down, probably in March.
Although the possibility of a short-term repair is not big, riley said, the American political environment is good, because it should be a country holding the piece of gold AAA rating. Riley said, in the past few years, has been mark between the term "self-invited crisis".
In the United States act quickly to lack of main reason is that the Democrats control the White House and the senate, and republicans in the house of representatives has a solid most. Both sides have different vision, the state's role in society and often changing political goals.
Although his cautious tone rating, riley said, the United States has many great advantages and, forming the country's public finance will not demand at the same level of deflation, in many European countries have had to make in the past few years, partly as a result of the U.S. economy is growing at a constant speed.
Other factors, fitch ratings said, support American AAA rating the country's economic vitality, reduce the risk of the financial sector, the rule of law and the state of global benchmark bonds and the dollar.
However, it says, these "basic credit advantage was fretting, although declining, structural budget deficit and high public debt increased."



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