Fitch Disagrees with S&P: Maintains AAA Credit Rating for U.S.

Fitch Ratings affirmed the U.S.’s AAA credit rating Tuesday, saying the outlook for the credit rating is stable. The news comes as a sort of reprieve after Standard & Poor’s downgraded the U.S.’s credit rating to AA+ just over a week ago.

Fitch cited the country’s “pivotal role in the global financial system and the flexible, diversified and wealthy economy that provides its revenue base” as the reason for its decision. “Monetary and exchange rate flexibility further [enhance] the capacity of the economy to absorb and adjust to ‘shocks’.”

CHECK OUT: S&P’s U.S. Downgrade Controversy: Looking at Both Sides of the Ratings Tremor.

 

 

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