Fitch ratings’ warning for US banks | World Business Watch
Edited By WION Video Desk
Published: Aug 16, 2023, 06:20 IST | Updated: Aug 16, 2023, 06:20 IST
Fitch ratings, a prominent credit ratings agency, has issued a stark warning that it might downgrade several major banks, including the likes of JP Morgan chase. Chris Wolfe, an analyst at fitch ratings, reveals that the industry's health assessment took a hit earlier this year, albeit with minimal fanfare. However, the possibility of another downgrade, this time from AA- to A+, could have more profound consequences.
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