A broker works in a trading room in Paris, Wednesday, Aug. 10, 2011. Worries over the debt problems afflicting a number of European countries as well as the U.S. have knocked confidence over the global economic recovery and triggered turmoil in financial markets around the world.(AP Photo/Jacques Brinon)
(AP) Fitch Ratings keeps U.S. at top credit rating
Agency regards American government's AAA rating as stable
August 16, 2011 5:56PM (UTC)
Fitch Ratings says it will keep its rating on U.S. debt at the highest grade, AAA. It also says its outlook on the U.S. ratings is stable.
Fellow ratings agency Standard & Poor's, set off a tempest in the stock market last week after it downgraded part of the U.S. debt rating from the highest grade to the second-highest grade.
Fitch cited the United States' "flexible, diversified and wealthy economy," as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks.
The other main ratings agency, Moody's, still rates the U.S. debt at its highest grade but says its outlook is negative.
------------------------------------------ U.s. Economy
COMPLETELY AD FREE, FOR THE NEXT HOUR Read Now, Pay Later - no upfront
registration for 1-Hour Access Click Here
7-Day Access and Monthly
Subscriptions also available No tracking or personal data collection
beyond name and email address
"Stranger Things" is not an '80s parable
How Trump serves Putin's interests
"Bernadette" and female creative genius
Leaning in or out? There's a third way
Trump reopens "longline" fishing
Trump's mental state is an "emergency"
Why the data says Joe Biden would lose
Why corporations can legally poison us
Copyright © 2018 Salon Media Group, Inc. Reproduction of material from any Salon pages without written
permission is strictly prohibited. SALON ® is registered in the U.S. Patent and Trademark Office as a
trademark of Salon Media Group Inc. Associated Press articles: Copyright © 2016 The Associated Press. All
rights reserved. This material may not be published, broadcast, rewritten or redistributed.