US Dollar Higher As Fitch Downgrades US Sovereign Debt
US Dollar Higher as Fitch Downgrades US Sovereign Debt
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US Dollar Higher as Fitch Downgrades US Sovereign Debt
Fitch downgraded its US debt rating on Tuesday afternoon from the highest AAA rating to AA+, citing “a steady deterioration in standards of governance.”
Fitch downgraded the United States' top-notch credit rating by a step on Tuesday, citing a growing federal debt burden and an "erosion of governance" that has manifested in debt limit standoffs.
The United States had its credit downgraded by Fitch Ratings from AAA to AA+ on Tuesday, two months after Congress and the White House narrowly avoided the country defaulting on its debt obligations.
Fitch Ratings downgraded the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers following the recent sovereign downgrade and recalibration of the agency’s Sri Lankan National Rating scale. The seven insurers’ ratings have been maintained on Rating Watch Negative (RWN). The recalibration is to reflect changes in the relative creditworthiness among Sri Lankan […]