Analyst Who Worked on S&P Downgrade in 2011 Predicts Fitch U.S. Ratings Cut Is Here to Stay
On Wednesday, global stock markets dropped significantly as Fitch downgraded the United States’ long-term foreign currency issuer default rating from AAA to AA+. Hentov was on the team that downgraded the U.S. government’s credit rating in 2011, citing political polarization during a heated debate in Washington over raising the debt ceiling. According to Hentov, one …