Fitch Ratings downgraded the US government’s top credit rating to AA+ from AAA, citing fiscal deterioration over the next few years and repeated down-to-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills. This decision makes Fitch the second major rating agency after Standard & Poor’s to strip the United States of its triple-A rating.
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’
Fitch Ratings downgraded the US government’s top credit rating to AA+ from AAA, citing fiscal deterioration over the next few years and repeated down-to-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills. This decision makes Fitch the second major rating agency after Standard & Poor’s to strip the United States of its triple-A rating.