And I’m sure most media outlets will positively spin it. This is bad!
Fitch now has the same U.S. credit rating as S&P Global Ratings, which downgraded the U.S. in 2011 after another debt standoff.
https://www.investors.com/market-tr...-debt-downgrade-amd-elf-lead-earnings-movers/
U.S. Debt Downgrade
Fitch downgraded the U.S. sovereign long-term debt rating to AA+ from AAA, citing a growing debt burden, fiscal deterioration and eroding governance. The credit-ratings agency put the U.S. rating on downgrade watch in May during the debt-ceiling crisis.Fitch now has the same U.S. credit rating as S&P Global Ratings, which downgraded the U.S. in 2011 after another debt standoff.
https://www.investors.com/market-tr...-debt-downgrade-amd-elf-lead-earnings-movers/