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Fitch Downgrades U.S. Long-Term Foreign Currency Rating

Por: MarketWatch Business August 02, 2023

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Fitch also cited repeated debt limit standoffs and last-minute resolutions. The downgrade comes more than two months after Washington lawmakers struck a deal in late May to lift the country’s borrowing limit. That drawn-out fight had raised the risk of default and prompted Fitch to put the U.S. credit rating on its negative watch list, where it remained even after the agreement was finalized. It wasn’t immediately clear why the firm decided... + full article



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