Fitch Ratings Cuts the U.S. Credit Rating from AAA to AA+
The agency cited anticipated fiscal deterioration in the coming three years, an erosion of governance, and a growing general debt burden as the reasons for the downgrade. Previously, Fitch Ratings had already downgraded the U.S. rating to AA+ in 2011, after Washington successfully averted a default
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The agency cited anticipated fiscal deterioration in the coming three years, an erosion of governance, and a growing general debt burden as the reasons for the downgrade.Previously, Fitch Ratings had already downgraded the U.S. rating to AA+ in 2011, after Washington successfully averted a default
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