As one of Pimco analysts expect that the other two rating agency left, Moody's and Fitch Ratings may possibly soon take the same stance as S&P in downgrading the US triple A credit rating. Note the deadline they impose on this rating review result release.
AUGUST 8, 2011, 6:56 A.M. ET *Fitch To Finish US Rating Review By End Of August* *Fitch Ratings said Monday that it expects to finish its review of U.S. sovereign credit ratings by the end of August*. "The review will focus on the U.S. sovereign credit fundamentals relative to 'AAA' peers and medium-term economic and fiscal prospects in light of the August 2nd agreement," Fitch said. The statement came in the wake of Standard & Poor's downgrade of U.S. long-term debt on Friday. *Fitch added that the recent deal to raise the U.S. debt ceiling was "an important first step but not the end of the process towards putting in place a credible plan to reduce the budget deficit to a level that would secure the United States' 'AAA' status over the medium-term*." http://online.wsj.com/article/BT-CO-20110808-706364.html '+'
