Asia-Pacific markets extended their losses on Thursday, tracking Wall Street’s sell-off after ratings agency Fitch downgraded the United States’ long-term credit rating from AAA to AA+. In Asia, investors will be watching the Caixin…
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‘Erosion of governance’ led Fitch to downgrade US credit rating
Donald Trump’s attempt to overturn the 2020 election and growing political polarization in the US contributed to an “erosion of governance” that led a top credit ratings agency to downgrade US debt,…
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AmericaBusinessDefenceEconomyEnvironmentFeaturedGlobal NewsgovernmentNational SecurityNewsPoliticsUnited StatesWorld News
Fitch’s historic downgrade may be a black eye for the US but not much more
by Elis Carterby Elis CarterThere may not be any lasting major negative ramifications from the surprise US credit rating downgrade by Fitch this week — not for the economy, not for consumers and not for the government’s…