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CryptoGlobe 2023-08-03 06:48:42

Fitch Downgrades U.S. Credit Rating: What Does It Mean?

Fitch Ratings, a globally recognized credit rating agency, has announced a downgrade of the United States’ Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘AAA’ to ‘AA+’. This decision is a reflection of several concerns surrounding the fiscal health and governance standards of the U.S. According to Fitch, the downgrade is primarily driven by the anticipated

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