Don't miss

Replay


LATEST SHOWS

IN THE PAPERS

Robert Mugabe resigns: 'Hip Hip Harare'

Read more

IN THE PAPERS

The ICC decides fate of Mladic, the 'Butcher of the Balkans'

Read more

EYE ON AFRICA

Celebrations erupt in the streets of Harare as Mugabe resigns

Read more

MEDIAWATCH

Zimbabwe's end of an era

Read more

FOCUS

Video: An uncertain fate for US's transgender soldiers

Read more

THE DEBATE

Enslaved in Libya: What to do about exploited African migrants?

Read more

ENCORE!

Seal on his new album 'Standards' and why he doesn't like texting

Read more

IN THE PAPERS

'The End of German Stability'

Read more

IN THE PAPERS

'Bad news for Merkel is bad news for Europe'

Read more

Americas

Fitch maintains top credit rating for US

Text by News Wires

Latest update : 2011-08-16

Fitch Ratings has confirmed the United States' triple-A rating, with a stable outlook, 10 days after fellow ratings agency Standard & Poor's set off a storm by announcing the first-ever downgrade of US debt.

AP - Fitch Ratings says it will keep its rating on U.S. debt at the highest grade, AAA. It also says its outlook on the U.S. ratings is stable.

Fellow ratings agency Standard & Poor’s, set off a tempest in the stock market last week after it downgraded part of the U.S. debt rating from the highest grade to the second-highest grade.
 
Fitch cited the United States’ “flexible, diversified and wealthy economy,” as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks.
 
The other main ratings agency, Moody’s, still rates the U.S. debt at its highest grade but says its outlook is negative.
 

Date created : 2011-08-16

  • UNITED STATES

    S&P downgrades US credit rating from 'AAA' in historic move

    Read more

  • FINANCIAL CRISIS

    Markets amok as Sword of Damocles hangs over France

    Read more

  • FINANCIAL CRISIS

    Recession fears grip market in worst week since 2008

    Read more

COMMENT(S)