US official: Downgrading is expected to have no impact on US borrowing costs

A Biden administration official said in a speech on Fitch's downgrade of the US rating that the cut was not expected to have an impact on US borrowing costs;

Fitch's decision to downgrade the US rating ignored the resilience and underlying strength of the US economy.

It is reported that US government officials met with the company before Fitch announced the downgrade of the US sovereign credit rating and expressed their opposition.