U.S. still faces downgrade concerns

10/18/2013 | Washington Post (tiered subscription model), The

The credit rating of the U.S. could still face a downgrade despite lawmakers' deal to avoid default. The negative ratings watch issued by Fitch Ratings is related to the process of how the U.S. conducts its budgetary policy. If Fitch were to downgrade the U.S., it would become the second ratings agency to do so, and the effects could be felt by many borrowers at the state and local levels.

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