Fitch downgrades US rating from AAA to AA+ – 8/1/2023 – Market
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The risk rating agency Fitch on Tuesday (1st) downgraded the long-term foreign currency rating of the United States from AAA to AA+, pointing to an expected fiscal deterioration in the next three years, as well as a high and growing general burden. of government debt.
US Treasury Secretary Janet Yellen disagreed with the downgrade. “I strongly disagree with Fitch Ratings’ decision. The change announced by Fitch Ratings today is arbitrary and based on outdated data,” Yellen said in a statement.
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