THE DOWNGRADE
The 'tourist examines what Fitch's downgrade might mean for markets
Well, it finally happened. After placing the United States’ debt on “negative watch” back on May 24th, 2023, today, after the market closed, Fitch took the full leap and downgraded America’s debt.
Fitch Ratings - London - 01 Aug 2023: Fitch Ratings has downgraded the United States of America's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'AA…