Open

Coming up

Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

China censors Hong Kong protests on social media

Read more

AFRICA NEWS

Islamic State group crackdown

Read more

DEBATE

Modi in America: India's Prime Minister on Triumphant US Tour

Read more

DEBATE

Hong Kong Protests: Pro-democracy Movement Gets Global Support

Read more

ENCORE!

Encore's Music Show: Prince goes funk, rock and sci-fi

Read more

FOCUS

Egypt's push against atheism and 'non-believers'

Read more

TALKING EUROPE

Dealing with jihadism: Does Europe have a plan?

Read more

TALKING EUROPE

Martin Schulz, President of the European Parliament

Read more

THE OBSERVERS

Colombian villagers caught between soldiers and guerrilla fighters, and a pilot whale massacre in the Faroe islands

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)