Fitch says the sequestration would not prompt a rating cut, but would "erode confidence"...

|By:, SA News Editor

Fitch says the sequestration would not prompt a rating cut, but would "erode confidence" necessary measures will be taken to secure the U.S. AAA rating. "A failure to raise the debt ceiling in a timely fashion would prompt a review and likely downgrade of the U.S. credit rating."