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Fitch downgrades US credit rating, citing mounting debt and political divisions

apnews.com Fitch downgrades US credit rating, citing mounting debt and political divisions

Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades.

Fitch downgrades US credit rating, citing mounting debt and political divisions

The rating was cut Tuesday one notch to AA+ from AAA, the highest possible rating. The new rating is still well into investment grade.

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