Thursday, August 18, 2011

Fitch Keeps U.S. Credit Rating at AAA

Fitch Keeps U.S. Credit Rating at AAA

The Fitch Ratings agency on Tuesday affirmed its AAA credit rating for the federal government, giving the U.S. a boost just two weeks after another ratings agency marked it down for the first time in history.

"The key pillars of U.S.'s exceptional creditworthiness remains intact," the agency said, crediting the U.S. economy's preeminence and the dollar's role as the world's chief reserve currency. The agency also said it gives the U.S. long-term outlook a "stable" rating.

http://www.hispanicbusiness.com/news/2011/8/16/fitch_keeps_us_credit_rating_at.htm