Fitch downgrades U.S. long-term rating to AA+ from AAA

CategoriesIssue 2023Q3, Issue 2023Q3-2
  • Fitch Ratings cut the United States’ long-term foreign currency issuer default rating to AA+ from AAA.
  • The agency had placed the country’s rating on negative watch in May, citing the debt ceiling fight in Washington.
  • “The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said.
  • U.S. stock futures opened lower Tuesday evening after the downgrade.

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