U.S. AAA debt rating gets a downgrade by Fitch; credit agency sees U.S. economy likely to slip into recession
August 01, 2023 at 18:10 PM EDT
Fitch Ratings cut its top credit ratings for the U.S. to AA+ from AAA on Tuesday, pointing to 'erosion' of governance and the nation’s expected fiscal deterioration over the next three years, but also a likely recession.
