Aug. 3 (Bloomberg) -- Bret Barker, a portfolio manager at Los Angeles-based TCW Group Inc., talks about the implications of raising the U.S. debt limit for the country's credit rating and Treasuries.
Moody’s Investors Service and Fitch Ratings affirmed their AAA credit ratings for the U.S. while warning that the ratings could be downgraded if lawmakers fail to enact debt reduction measures and the economy weakens. Barker also discusses Europe's debt crisis. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)