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Outrage over Fitch Ratings downgrade of US credit rating
August 2nd, 2023 - 10:42 GMT

Outrage over Fitch Ratings downgrade of US credit rating

ALBAWABA – United States (US) officials have mounted a storm of outrage Wednesday, over the Fitch Ratings downgrade of US credit rating on Tuesday, which US officials have labelled as “arbitrary” and “outdated”, news agencies reported. Fitch Ratings downgraded the US’ triple-A rating to AA+ on Tuesday, citing 20 years of “steady deterioration in standards of governance”, Reuters reported. Notably, this is the second downgrade of US credit ratings in ...
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