Fitch puts Fannie Mae, Freddie Mac on negative watch as US debt deadline looms

Fitch has placed the ratings of U.S. mortgage finance giants Fannie Mae and Freddie Mac on watch for a possible downgrade as U.S. lawmakers’ negotiations to raise the government’s debt ceiling dragged on without a resolution.

This comes after the ratings agency on Wednesday had warned that the U.S. credit rating could be downgraded if a debt ceiling deal was not reached soon.

Fitch puts US rating on negative watch as debt deadline looms

In a statement on Thursday evening, Fitch said the move reflected “uncertainty surrounding the resolution of the RWN (Rating Watch Negative) on the U.S.”

Negotiators for Democratic President Joe Biden a…

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