Rating Agencies' Questions About US Governance and Policy Gridlock

  • Talks about a fifth round of COVID-19 relief have stalled.

  • Last week, Fitch Ratings lowered its outlook on the U.S. sovereign rating to “Negative” from “Stable.”

  • A weak U.S. reaction to the COVID-19 outbreak and ensuing political polarization could make the financial costs more expensive for the U.S. and its sub-sovereign entities.

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