Fitch Downgrades U.S. Debt

Posted on 08/02/2023

The U.S. debt now stands at US$ 32.7 trillion and is rising fast, too fast for Fitch Ratings. The debt is no longer rated AAA by the firm, but AA+. Some institutions will only invest in AAA debt. “Fiscal deterioration” on the horizon is to blame, and the debt ceiling debates have also played a…

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