WASHINGTON — Fitch Ratings said it will consider putting the United States on a negative rating watch if the debt ceiling is not increased by Oct. 17, when the U.S. Treasury is expected to exhaust extraordinary measures and will be forced to rely on cash on hand and incoming revenues.

Fitch currently gives the United States an triple-A rating with a negative outlook. If placed on a negative rating watch, there is a higher likelihood of a downgrade within a shorter time frame.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.