U.S. Loses Top Credit Rating. Downgraded To AA+ From AAA

 

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

* 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.

Fitch Ratings downgraded the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, pointing to “expected fiscal deterioration over the next three years,” an erosion of governance and a growing general debt burden. 

“The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” said Fitch. 

Read more ....  

WNU Editor: When you keep on raising your debt ceilings and your interest payments are now reaching one trillion billion dollars a year, everyone's credit (including the credit of the US government) is going to decline. 

The Fitch report is here .... Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'; Outlook Stable 

Update: US officials are outraged .... "Arbitrary... Outdated!" - Yellen Outraged After Fitch Cuts USA's AAA-Rating (Zero Hedge). More here .... Surprise US credit rating downgrade draws White House ire (Reuters). 

U.S. Loses Top Credit Rating. Downgraded To AA+ From AAA  

Fitch downgrades US credit rating, citing mounting debt and political divisions -- AP  

Fitch cuts U.S. credit rating to AA+ as budget deficits swell -- Bloomberg

Fitch downgrades US credit rating from AAA to AA+ as country’s fiscal deficits swell -- The National 

US loses top credit rating -- RT  

And then there were 9: Here are the remaining AAA countries after Fitch stripped the U.S. of its top credit rating -- Forbes

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