Jamie Dimon, Larry Summers blast Fitch's shock US downgrade as 'ridiculous' and 'bizarre and inept'

Tech Insider : Economy
U.S. Capitol building
Fitch now rates the US government as AA+.

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Fitch's downgrade of the US economy is 'strange' and 'bizarre,' top officials and analysts say

Tech Insider : Economy
The Capitol building is seen through the American flags in Washington DC on October 20, 2022.
The Capitol building.

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The banking crisis risks severe spillover across the financial sector and beyond, Moody's says

Tech Insider
Silicon Valley Bank, Fed Chair Jerome Powell
Silicon Valley Bank, Fed Chair Jerome Powell

John Brecher for The Washington Post via Getty Image, Anna Moneymaker/Getty Images

Tesla debt is no longer junk-rated by Moody's after it upgrades Elon Musk's carmaker

Tech Insider
elon musk
Moody's upgraded its rating for Tesla bonds Monday.

Xinhua via Getty Images

How credit ratings are playing a key role in the unfolding banking crisis

Tech Insider
S&P Global logo is displayed on its offices in New York
S&P Global ranks among one of the world's largest credit rating agencies.

Brendan McDermid/Reuters

Adidas has its debt rating slashed by S&P as termination of Kanye West partnership batters earnings

Tech Insider
Kanye West walks down a sidewalk with a backpack slung over his shoulder
Kanye West.

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