Fitch Ratings downgrades the US credit rating to AA+ from AAA due to fiscal deterioration and debt burden. The US saw a downgrade a decade ago in 2011 also when S&P Global Ratings downgraded the US credit rating to AA+, one notch below the top tier, after the debt ceiling impasse.
Fitch Ratings downgrade: Fitch Ratings downgrades the US credit rating to AA+ from AAA due to expected fiscal deterioration and high government debt burden. Fitch pointed out the expected fiscal deterioration over the next three years along with a high and growing general government debt burden.