Fitch Ratings left unchanged the ratings of municipal bonds tied to the creditworthiness of the U.S.
The New York-based firm announced today that it has maintained its AAA rating, the firm’s highest, on U.S. government debt.
Rival Standard & Poor’s downgraded the U.S. to AA+, its second-highest level, on Aug. 5. Three days later the company similarly lowered its ratings on 11,500 municipal credits whose finances are tied to that of the nation.
Cindy Stoller, a spokeswoman for Fitch, didn’t immediately respond to a telephone call seeking comment on the report.