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Fitch’s US rating downgrade justified by excessive government borrowing: Blackstone CEO.
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Blackstone CEO Steve Schwarzman: Fitch Ratings Downgrade Justified
“The decision by Fitch Ratings to downgrade the United States’ long-term credit rating is regrettable but justified,” said Blackstone CEO Steve Schwarzman on Friday.
As the head of a firm managing approximately trillion, Mr. Schwarzman expressed his views on the matter.
Read More From Original Article Here: Out-of-Control Government Borrowing Justifies Fitch’s US Rating Downgrade: Blackstone CEO
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