Don't miss

Replay


LATEST SHOWS

THE OBSERVERS

The violinist of Venezuela's protests; and France's dying bees

Read more

FOCUS

Famine used as a weapon of war in South Sudan

Read more

THE DEBATE

Let's talk Africa-Asia partnerships (part 2)

Read more

THE DEBATE

Let's talk Africa-Asia partnerships (part 1)

Read more

BUSINESS DAILY

British Airways IT debacle could cost the airline big

Read more

TALKING EUROPE

Security in Europe: Is there more that could or should be done?

Read more

IN THE PAPERS

Is this the end of the Western post-war order?

Read more

THE INTERVIEW

Living with the 'new normal': How govts need to innovate in the fight against terrorism

Read more

IN THE PAPERS

Putin 'gets the tsar treatment' as he meets Macron in Versailles

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)