Fitch downgrades US credit rating outlook

However, the US maintained its top AAA credit rating.

Fitch downgraded the outlook for the US sovereign credit rating from “stable” to “negative.” The reasons given are the deterioration of the budget situation and the lack of an adequate plan for fiscal consolidation.

The US budget deficit and public debt rose before the COVID-19 epidemic.

At the same time, the US maintained its highest AAA credit rating.

If you have found a spelling error, please, notify us by selecting that text and pressing Ctrl+Enter.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor
Steve Cowan

Spelling error report

The following text will be sent to our editors:

37 number 0.264613 time