despite a deal among us lawmakers to resolve the latest debt ceiling crisis fitch ratings said the us aaa rating remains on rating watch negative as the agency considers the full implications of the most recent brinkmanship episode and the outlook for mediumterm fiscal and debt trajectories on may 24 fitch placed the us ratings on rating watch negative citing increased political partisanship the brinkmanship over the debt ceiling failure of the us authorities to meaningfully tackle mediumterm fiscal challenges that will lead to rising budget deficits and a growing debt burden signal downside risks to us creditworthiness fitch said at the time on friday fitch said despite the latest agreement continued political standoffs and lastminute suspension lower confidence in governance of debt and fiscal matters there has been a steady deterioration in governance over the last 15 years with increased political polarization and partisanship as witnessed by the contested 2020 election repeated brinkmanship over the debt limit and failure to tackle fiscal challenges from growing mandatory spending has led to rising fiscal deficits and debt burden fitch said strengths which support the us rating including the size of the economy and the dollars role as the worlds preeminent reserve currency may be eroded over time by governance shortcomings fitch said the agency said it intends to resolve the negative watch in the third quarter of this year