Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 15,318.20 +138.38 0.91%
S&P 500 1,651.81 +12.77 0.78%
Nasdaq 3,482.18 +30.05 0.87%
Ticker Volume Price Price Delta
STOXX 50 2,700.93 -1.76 -0.07%
FTSE 100 6,374.21 +43.72 0.69%
DAX 8,229.51 +13.78 0.17%
Ticker Volume Price Price Delta
Nikkei 13,007.30 -25.84 -0.20%
Hang Seng 21,225.90 -0.02 0.00%
S&P/ASX 200 4,814.35 -11.53 -0.24%

Fitch Leaves Municipal Bond Ratings Tied to Treasuries Untouched

Fitch Ratings left unchanged the ratings of municipal bonds tied to the creditworthiness of the U.S.

The New York-based firm announced today that it has maintained its AAA rating, the firm’s highest, on U.S. government debt.

Rival Standard & Poor’s downgraded the U.S. to AA+, its second-highest level, on Aug. 5. Three days later the company similarly lowered its ratings on 11,500 municipal credits whose finances are tied to that of the nation.

Cindy Stoller, a spokeswoman for Fitch, didn’t immediately respond to a telephone call seeking comment on the report.

To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net.

To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net

Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.

Sponsored Link