‘Steady deterioration’: US loses top credit rating

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2 years ago
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US credit rating credit rating downgraded fitch fitch US rating janet yellen

US credit rating agency Fitch downgraded Washington’s ‘long-term foreign-currency issuer default rating’ from AAA to AA+, citing issues with governance, rising deficits, and a looming recession, among other things.

Both the White House and the US Treasury Department raised objections to the decision.

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