Fitch Ratings rattled timbers in the White House and elsewhere when the firm downgraded its U.S. government debt rating from AAA to AA+. While the two other rating firms, S&P and Moody’s, made no change, Fitch set the United States a notch below Australia, Denmark, the Netherlands, and Germany, among others, and just above France and the United Kingdom. Some expressed surprise, even though Fitch advised in May that the rating was under review.
The rating upgrade reflects the view that they will continue to improve their asset quality, benefiting from good economic prospects and structural improvements in operating conditions