The Fitch analyst behind the U.S. downgrade breaks down the decision


The Fitch Ratings logo is seen at their offices at Canary Wharf financial district in London, Britain.

Reinhard Krause | Reuters

It’s not a growing jobs market, strong U.S. dollar or a resilient economy that will help the U.S. regain the top rating from Fitch. According to the firm, it’s going to take a major step up in governance.

Fitch Ratings cut the United States’ long-term foreign currency issuer default rating to AA+ from AAA on Tuesday, sending global stock markets down on Wednesday. The agency had placed the country’s rating on negative watch in May, citing the debt ceiling issue. 

“This is a steady deterioration we’ve seen in the key metrics for the United States for a number of…


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