Fitch Ratings cited Washington's rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.
Fitch Ratings cited Washington’s rising debt burden and political difficulties in addressing spending and tax policies as the key reasons for reducing its rating from AAA to AA+.
Capital market company Fitch Ratings decreased the US credit rating on Tuesday in the first downgrade since 2011. Here’s what the rate change means now and what it might mean later according to a Boston-based expert in economics and politics.