The OOTIKOF, an internationally renowned society of flamers since 1998, invites you to join in the fun. Clicking on Casual Banter will get you to all the sections.
Fitch downgrades US credit rating for 'deterioration in standards'
2 posters
Author
Message
oliver clotheshoffe Regular Member
Posts : 1723 Join date : 2019-02-04 Age : 64
Subject: Fitch downgrades US credit rating for 'deterioration in standards' Wed Aug 02, 2023 6:25 am
Fitch has downgraded the credit rating for the U.S. government from its AAA top spot rating to AA+ just months after the U.S. debt-ceiling crisis was resolved for 2023.
Fitch is one of three major credit rating agencies, alongside S&P and Moody's. These agencies analyze an entity's ability to pay back debts — whether they're a company or a country.
The ratings agency said it made the downgrade based on what it called an "erosion of governance."
Fitch originally placed the U.S. and its AAA rating on a negative watch on May 24, specifically pointing to the debt ceiling fight as a major contributing factor.
Home 
