Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA

Fitch downgrades US long-term foreign currency issuer default rating to AA+ from AAA.

This decision was primarily influenced by anticipated decline, erosion in governance and the increasing debt burden.

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The repeated standoffs over the debt limit have significantly undermined confidence.

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This downgrade mirrors a similar action taken by S&P Global Ratings a decade earlier.

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