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JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade 'ridiculous,' but says 'doesn't really matter' - CtrlF.XYZ

JPMorgan CEO Jamie Dimon calls Fitch Ratings U.S. downgrade 'ridiculous,' but says 'doesn't really matter'

1 year ago 93

JPMorgan Chase CEO Jamie Dimon talks to reporters arsenic helium leaves the U.S. Capitol aft an unannounced gathering with U.S. Senate Majority Leader Schumer that was reportedly astir the anticipation of the U.S. defaulting connected its debt, extracurricular the U.S. Capitol successful Washington, U.S., May 17, 2023.

Evelyn Hockstein | Reuters

The Fitch Ratings downgrade of the United States agelong word recognition standing yet doesn't matter, JPMorgan Chase CEO Jamie Dimon told CNBC connected Wednesday.

"It doesn't truly substance that much," Dimon told CNBC's Leslie Picker. "They constituent retired immoderate issues which we each knew about."

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' Wall Street pros motion disconnected the interaction of Fitch's downgrade connected markets

Fitch Ratings downgraded the United States' semipermanent overseas currency issuer default standing to AA+ from AAA on Tuesday, pointing to "expected fiscal deterioration implicit the adjacent 3 years," an erosion of governance and a increasing wide indebtedness burden.

It is "ridiculous" that different countries, including Canada, are rated higher than the U.S. erstwhile they beryllium connected the stableness created by the U.S. and its military, Dimon added.

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