Wednesday, August 2, 2023

IN THE NEWS--FITCH DOWNGRADES US LONG -TERM RATING TO AA+ FROM AAA

Fitch Ratings cut the United States’ long-term foreign currency issuer default rating to AA+ from AAA.  The agency had placed the country’s rating on negative watch in May, citing the debt ceiling fight in Washington. “The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management,” Fitch said. MORE AT Fitch downgrades U.S. long-term rating to AA+ from AAA (cnbc.com)

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Welcome to The New Everything Croton, a collection of all things Croton--our history, our homes, our issues, our businesses, our schools, ou...