This evening Fitch Ratings issued a statement that the AAA sovereign rating of the United Kingdom is the most at risk to lose that sovereign rating. Fitch also stated that Japan is being watch carefully and Fitch is concerned about Japan issuance of JGB which would prompt a rating review.
The United States rating will come under additional pressure if “US fiscal position does not stabilize”
RT note: You hear that Geithner and Bernanke? You just got a shot across the bow. Get the deficit under control or go down with the ship.
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More on this topic
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“THE WORST BIT IS YET TO COME”
(THE PRAGMATIC CAPITALIST, 8/10/10)
Bank of England guns the printing press
(The Mess That Greenspan Made, 11/5/09)
U.K. economy continues to contract
(The Mess That Greenspan Made, 10/23/09)
