Fitch Ratings Questions U.S. Governance, Identifies a Breakdown in Political Norms

07/16/2021
  • Fitch Ratings, in a Tuesday report, warned that weakening governance and political risks in the U.S. could negatively impact their U.S. sovereign rating.
  • The failure of former President Trump to concede the 2020 election and the spreading and pushing of the "Big Lie” threaten not only America’s democracy, but its sovereign rating. The predictability the financial markets depends upon is also at risk.
  • We review the example of when former Vice President Gore conceded the 2000 election. We also review when S&P downgraded the U.S. rating in 2011 because of political risks (and the debt burden.)

Download the full article

Read more Municipal Commentary 

Learn More From HilltopSecurities

Job Gains Fall Short Again in May

Markets Still Jittery Despite Powell’s Assurance of Continued Accommodation

logo
Thank you for visiting the HTS Commodities website. For best viewing experience, we recommend using Chrome, Firefox, Safari, or Microsoft Edge.