Blackstone CEO Schwarzman Says ‘Numbers Justify’ Fitch Downgrade

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Blackstone CEO Schwarzman Says ‘Numbers Justify’ Fitch Downgrade
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Steve Schwarzman said the downgrade of the US long-term credit rating was appropriate after multiple debt-limit standoffs

said Fitch Ratings’ downgrade of the US long-term credit rating was appropriate after multiple debt-limit standoffs.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.”
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