US AAA Rating Affirmed By Fitch On Debt Deal

The outlook on the U.S.’s AAA credit-ranking was raised to stable from negative by Fitch Ratings after Congress suspended the nation’s debt limit for more than a year, reducing the risk of a default, and as federal deficits decline.

The ratings company’s adjustment follows Moody’s Investors Service and Standard & Poor’s, which raised their outlooks last year on the U.S. to stable from negative. S&P stripped America of its top grade in August 2011, citing, in part, political wrangling about the debt limit. Moody’s gives the nation its top Aaa grade.

The issuer of the world’s reserve currency avoided a downgrade as stronger growth is forecast by a government agency to reduce the budget deficit to a seven-year low as a share of the economy.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu