INFO:
Ratings agency Fitch recently downgraded its rating on U.S. debt from AAA to AA+, which came as a surprise to many across the industry. Yahoo Finance spoke to analysts and experts to get their reactions and determine the potential impact of the downgrade. Allianz Chief Economic Advisor Mohamed El-Erian said that the downgrade was "surprising." El-Erian added, "Why now? You scratch your head as to the timing of this." Laffer Tengler Investments CEO and Chief Investment Officer Nancy Tengler gave her opinion on the downgrade. Tengler said, "Fitch
Fitch downgrades U.S. credit rating: Does it matter?