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Axios
Axios
Business
Courtenay Brown

Government shutdown could threaten America's triple-A credit rating

Furloughed federal workers and area elected officials hold a protest rally in Philadelphia. (Photo by Mark Makela/Getty Images)

Fitch Ratings warned it could re-evaluate the U.S.'s triple-A credit rating if the government shutdown continues until March 1 and leads to a debt ceiling breach, Reuters reports.

Why it matters: A credit downgrade would make it harder for the U.S. government to borrow money and raise borrowing costs. During the 2011 debt-ceiling crisis, Standard & Poor's cut the U.S.'s triple-A credit rating for the first time since 1941.

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