Blackstone CEO Schwarzman Says ‘Numbers Justify’ Fitch Downgrade
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Steve Schwarzman said Fitch Ratings’ downgrade of the US long-term credit rating was appropriate after multiple debt-limit standoffs.
“The numbers justify it, regrettably,” the Blackstone Inc. chief executive officer said on CNBC Friday. “We’ve had an explosion of debt since the global financial crisis. We don’t appear to have a lot of discipline.”