Surprise US credit rating downgrade draws White House ire

Fitch had first flagged the possibility of a downgrade in May amid the US debt ceiling negotiations. Fitch changed the country’s rating from AAA to AA+, citing fiscal deterioration and down-to-the wire debt ceiling negotiations The rating agency Fitch downgraded the US government’s top credit rating on Tuesday, a move that drew an angry response from the White House and surprised investors.

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Read moreFitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay […]

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By Donato