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Fitch Ratings backs US 'AAA' credit rating

pbrauer

pbrauer

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So, since Moody's and Fitch still rate the U.S. as AAA, it looks like S&P doesn't know what their talking about.

Fitch Ratings said Tuesday 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.
The move gives the U.S. a reprieve after fellow ratings agency Standard & Poor's set off a tempest in the stock market last week by downgrading part of the U.S. debt rating from the highest grade to the second-highest grade.
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Fitch Ratings backs US
 
Seems that the markets agree with Fitch and Moody's, as the S&P downgrade resulted in near-record demand for U.S. Treasuries, sending yields to near-record lows.
 
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