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Fitch Leaves Municipal Bond Ratings Tied to Treasuries Untouched

Aug. 16 (Bloomberg) -- 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

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