๐Yellen Disagrees! "I strongly disagree with Fitch Ratings' decision to downgrade the US credit rating. The announced change by Fitch Ratings is arbitrary and based on outdated data." ๐๐ค
๐บ๐ธ Administration Official: Fitch's decision to the US rating ignores the resilience and underlying strength of the US economy.
Fitch Ratings is a credit rating agency that assesses the credit risk of a country or company. The US credit rating is one of the highest in the world, but Fitch decided to downgrade it from AAA to AA+.
The decision by Fitch was motivated by the rising US government debt and uncertainty over the country's fiscal policy.
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