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Businessworld Feature: Raj’s Insights on Implications of Fitch’s US Credit Rating Downgrade

By Avalon ConsultingAugust 2, 2023August 9th, 2023No Comments

Raj Nair, Chairman at Avalon Consulting, shared his insights on the Fitch US Credit Rating downgrade from AAA to AA+ and its potential impact on the Indian market in a recent Businessworld feature.

Fitchs US Credit Rating Downgrade

Raj pointed out the well-recognized decline in US financial governance over the past two decades, with substantial borrowing and political decisions impacting debt management. Despite increased interest payments as a percentage of GDP due to higher rates, the US maintained its rating, prompting Raj’s insightful analysis of this downgrade and its potential consequences.

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