Fitch

What is Fitch’s meaning of Downgrade ?

Recently, Rating agency ‘Fitch’ downgraded the United States of America’s rating to ‘AA+’ form ‘AAA’ – a rating that it has been holding at the agency since 1994. This was the first major downgrade for the country since Standard & Poor’s actions in 2011. Fitch argued the downgrade cumulatively reflected the expected fiscal deterioration over […]

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