Fitch Says One More Downgrade Will Lower Bank Ratings
Posted on 08/15/2023
Although Fitch Ratings said in June that U.S. banks had lost some luster, a further downgrade would trigger lower ratings, a Fitch representative told CNBC in an interview. Fitch said “negative rating actions” could be a result of higher interest rates and increased defaults. A timeline wasn’t offered, but the question of concern to Fitch…
