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Fitch downgrades USA long-term credit rating to AA+ from AAA

The rating downgrade of the United States reflects the expected fiscal deterioration over the next three yearsCites repeated debt limit standoffs and last-minute resolutionsIn Fitch's view, there has been a steady deterioration in standards of governance over the last 20 yearsWe expect the general government deficit to rise to 6.3% of GDP in 2023, from 3.7% in 2022Fitch forecasts a GG deficit of 6.6% of GDP in 2024 and a further widening to 6.9% of GDP in 2025The interest-to-revenue ratio is ex... Read More

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Posted: Aug 1 2023, 21:15

Author Name: forexlive

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