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Goldman Sachs
Goldman Sachs strategists shrugged off Fitch's ratings change.

Richard Drew/AP

  • Fitch downgraded US debt from AAA to AA+ on Tuesday, but Goldman Sachs isn't concerned.
  • The downgrade is unlikely to spark a sell-off in markets, and it contained no new fiscal information.
  • Overall, it "should have little direct impact on financial markets," the bank said.

Fitch slashed the US's credit rating on Tuesday, but Goldman Sachs doesn't see reason for concern. 

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Markets, MI Exclusive, Goldman Sachs, Wall Street, Investors, Treasurys, Stock Market, Fitch, Government Debt, Debt Ceiling, Debt Deal, White House, Biden
Source
Fitch just downgraded US debt. Goldman Sachs says it's no big deal.