Fitch downgrades US
$BABA-SW(09988.HK$ Stocks drop, Treasuries gain after Fitch downgrades US rating Understand the rationale not blabbers
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73407951 : On the 1st local time, the international credit rating agency Fitch downgraded America's credit rating, from AAA to AA+, citing sluggish economic expectations. Fitch said that over the past 20 years, America's fiscal and debt problems have continued to worsen, and there have been repeated political stalemates caused by debt limits, weakening people's confidence in the US government's financial management