Fitch says places 11 US credit: Linked notes on rating watch negative ...Middle East

WASHINGTON: Fitch Ratings said on Friday it has placed 11 US credit-linked notes on a “Rating Watch Negative”, citing growing risks that the government administration could begin to default on payments as the Biden administration remains locked in a political standoff with its rivals in raising the nation’s debt ceiling.“Fitch still expects a resolution to the debt limit before the x-date,” the rating agency said of the June 5 deadline that US Treasury Secretary Janet Yellen has given as the last day that the government will be able to pay for its obligations without default.Despite its optimism that the administration will resolve the crisis in time, Fitch said it believed “risks have risen

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