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U.S. still AAA nation, says credit-rater Fitch
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| Contributor | Brandonius Maximus |
| Last Edited | Brandonius Maximus Aug 16, 2011 10:41am |
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| Category | News |
| Author | Peter Schroeder |
| News Date | Tuesday, August 16, 2011 04:40:00 PM UTC0:0 |
| Description | The United States is still a solid AAA country in the eyes of FitchRatings, as the credit rating agency affirmed the nation's top rating Tuesday.
Notably, the rater also assigned a stable outlook on that rating over the long term, setting itself apart as relatively optimistic about the nation's overall fiscal picture.
However, it did offer its own warnings to the freshly minted congressional "supercommittee." It warned that if the group of 12 lawmakers fail to find at least $1.2 trillion in deficit cuts as charged by their mandate, or if the nation's economy falters more than expected, the AAA rating could be given a negative outlook. Such a designation would mean Fitch would be likely to downgrade the nation's rating within two years. |
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