Download - ‘Wake-up Call’: Top Credit Agency Downgrades U.S. Rating

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America in Focus

News

‘Wake-up Call’: Top Credit Agency Downgrades U.S. Rating

2023-08-06

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One of the top international credit rating agencies has downgraded the United States government’s credit rating from the highest level of AAA down one tier to AA+, a serious economic signpost as U.S. debt continues to soar and deficits remain elevated. Fitch Ratings made the decision, pointing to the U.S. government’s high national debt and deficits as well as an “erosion of governance.”

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