CNN CNN This Morning June 4, 2024 10:44:00
>> mark milly he said it would have a negative impact on the readiness and capabilities of the military. the fitch ratings wornd about the u.s. writ large but they also warned about the government backed lenders fannie and freddie. how significant is that? does that indicate to you that fitch may downgrade the u.s. credit rating as s&p did in 2011? >> it would not have a material effect on markets. it would not have a material effect on contracts. if the other two agencies were to follow fitch, that's s&p and moody's, then that would have an impact. as much as i think this is going to go away,...