Rating firms face heat amid debt talks
Credit agencies get scrutiny
The controversial companies known as credit-rating agencies are drawing fresh scrutiny from officials in the United States as the companies weigh whether to downgrade U.S. government debt should Congress fail to come to an agreement to reduce borrowing. The credit-rating firms - Standard & Poor’s, Moody’s Investors Service and Fitch Ratings - have said that they could downgrade U.S. debt if Congress does not find at least $1.2 trillion in budget savings over a decade, or if the economy worsens significantly in coming months.
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