Fitch Ratings analyst Chris Wolfe has warned that the US banking industry has moved closer to downgrading dozens of US banks.
His words are quoted by CNBC.
“A Fitch Ratings analyst warned that the U.S. banking industry is slowly approaching another source of turbulence – the risk of a sharp downgrade of dozens of U.S. banks,” the publication says.
According to the expert, Fitch downgraded the assessment of the state of the U.S. banking industry back in June, but then it went virtually unnoticed and did not lead to a downgrade.
It is noted that another downgrade of the industry by a notch, from AA- to A+, will lead to Fitch to revise the ratings of each of more than 70 banks, including JPMorgan Chase.
Earlier it was reported that US President Joe Biden allowed the possibility of default in the country.
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