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Explained: What is a rating downgrade? And six key reasons why Fitch Ratings downgraded US

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.

Fitch Cuts USA s AAA-Rating, Cites Fiscal Deterioration, Erosion Of Governance

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