Fitch maintains US’s triple A rating |
| Financial Times - Aug 16, 2011 |
The US still deserves a triple A credit rating with a stable outlook, Fitch Ratings said on Tuesday, highlighting the different tacks that leading agencies have taken on US creditworthiness.
Fitch’s decision to reaffirm the pristine credit of the US came after Standard & Poor’s shocked markets with a downgrade to double A plus and Moody’s took the middle road, keeping a top notch rating but cutting its outlook to negative.
The Fitch decision shows that while there is not a vast disagreement between the agencies on the trajectory of US debt, they take different views on the recent debt ceiling deal, and on the potential for the US political system to produce more savings.
“We do think the Budget Control Act was a pretty substantive commitment,” said David Riley of Fitch Ratings in London. He said that Fitch wants to see whether the congressional “supercommittee” set up to find further savings by this autumn can deliver.
Read Full Article from Financial Times
- Posted: 2011-08-16 12:26:43
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