Pitch, US Credit Rating Downgraded from AAA to AA+... "Repeated Debt Ceiling Conflicts"
International credit rating agency Fitch downgraded the United States' national credit rating from 'AAA' to 'AA+' on the 1st (local time).
In a press release on the same day, Fitch announced that it downgraded the U.S. credit rating (IDRs·Long-Term Foreign Currency Issuer Default Ratings) due to the expected fiscal deterioration and increased national debt burden over the next three years.
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It also pointed out that U.S. governance has deteriorated compared to other countries with the same AAA rating, with political parties repeatedly clashing over raising the debt ceiling and resolving the issue at the last minute.
This content was produced with the assistance of AI translation services.
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