Fitch Affirms U.S. at AAA; Outlook Stable
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Fitch Ratings affirmed its AAA credit rating on the U.S. and said the outlook on the long-term ratings is stable.
Standard & Poor’s on Aug. 5 cut the U.S. credit rating to AA+ from AAA, saying lawmakers failed to cut spending enough to reduce record deficits. S&P dropped the ranking after warning on July 14 that it would reduce the rating in the absence of a “credible” plan to lower deficits even if the nation’s debt limit was lifted.