Fitch warns it may have to downgrade dozens of U.S. banks


  • World
  • Wednesday, 16 Aug 2023

NEW YORK, Aug. 15 (Xinhua) -- Fitch Ratings warned on Tuesday that dozens of U.S. banks, including JPMorgan, the largest bank in the country, could be at risk of sweeping rating downgrades.

Fitch lowered its "operating environment" rating for U.S. banks to AA- from AA in June, citing pressure on the country's credit rating, regulatory gaps exposed by the March regional bank failures and uncertainty around interest rates, a Fitch analyst told CNBC.

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