Fitch became the second credit qualification agency in warning that the precious triple A qualification of the World Bank and other large multilateral lenders will be affected if Donald Trump withdraws the support from the United States.
The US President signed a decree for a review for six months of government support to all international intergovernmental organizations to decide whether to withdraw from them or seek a reform.
Do not miss: Musk says that EU paid 59 million to luxury hotels to house immigrants
EU output of the World Bank
Any sign that the withdrawal of a BMD (Multilateral Development Bank) has become a real possibility could lead to a negative qualification action, ”said Fitch, a day after Moody’s made the same warning.
Fitch said he was still considering “unlikely” the withdrawal of the United States, but said that the impact – in the case of being produced – would be considerable, causing financial damage, and that it could also “sit a precedent and affect the cohesion of the rest of the shareholders ”
Fitch added that the immediate reaction would probably be lower the note of the affected BMDs or put them in negative surveillance, according to the terminology of the qualification agencies.
The withdrawal of the triple to “will depend on the conditions of the withdrawal and the response of the other shareholders,” said Fitch.
With Reuters information.
Subscribe to our YouTube channel and do not miss our content
Follow the information about the world in our international section
