The US has proven quite willing to just take assets off Russians for political reasons. Fitch probably isn't going to say it outright; but if a country has a record of saying "nah, I'm taking it back" about someone else's assets then it seems reasonable to rate them below an AAA.
Even if the US doesn't fail, it isn't really credible to claim its debt is an AAA security. For a lot of participants in the market there is an obvious risk that the US will take their money and not return it.
Unfortunately only freezing. In a more reasonable world yes they'd be taken and used for restoration (you break it you buy it), nothing political about it either. Nor does it have anything whatsoever to do with this.
I agree the assets of defence contractors, politicians who voted in favor of war and their families in the United States should all be nationalized and used to repair the smoking crater left in the middle east.
Oh you weren't talking about those war crimes? Only the one's the media tells you to be mad at? Rachel Maddow would know what is justified in war, given she was just the keynote speaker at a weapons manufacturers conference.
Imagine you are buying some coal from a dude and that dude settles with getting an IOU note from you.
Later on, you decide you no longer have to honor that IOU debt because you no longer like what that dude does with other people. You've also put that coal to a good use. A win-win for you.
Even if the US doesn't fail, it isn't really credible to claim its debt is an AAA security. For a lot of participants in the market there is an obvious risk that the US will take their money and not return it.