Fitch says we’re still AAA
WASHINGTON — Fitch Ratings said today that it would keep its rating on long-term U.S. debt at the highest grade, AAA, and said the outlook remained stable. But it warned that it could lower the outlook to negative if Congress fails to trim future deficits.
Fitch’s rating was the best given by the three major credit rating agencies. Last week, Standard & Poor’s set off a maelstrom in the stock market after it downgraded long-term U.S. debt to the second-highest level, AA-plus, for the first time. The third agency, Moody’s Investors Service, still lists the U.S. debt at AAA but says its outlook is negative. More.
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