Fitch: Downgrades US Rating to AA+, Previously AAA-rated
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On Tuesday, August 1st, one of the three major rating agencies, Fitch Ratings, downgraded the long-term foreign currency debt rating of the United States from AAA to AA+, with a stable outlook. The downgrade of the US rating by Fitch reflects the expected deterioration of the US fiscal situation over the next three years, the overall high government debt burden, and the continuous growth of the debt.
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