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"puzzling" and "unwarranted". 0ur north america business correspondent michelle fleury has more from new york. just like everybody has a credit report to determine how much they can borrow, the us government has its own credit report and for the first time since 2011 that rating has been downgraded from aaa to aa+ fitch said. the assault on the capital onjanuary 6th was a factor in its decision, contributing to what they perceive as a steady deterioration in standards of governance over the last 20 years. from wall street to washington, reaction was swift — us markets tumbled, with tech stocks leading the nasdaq lower while bond investors pushed up treasury yields higher. in washington, treasury secretary janet yellen reacted with anger. i strongly disagree with fitch's decision, and i believe it is entirely unwarranted. its flawed assessment is based on outdated data and fails