Rating agency Fitch dropped a bombshell late Tuesday, leaving analysts and economists confused. Even as the U.S. economy is chugging along nicely despite the encircling uncertainties, the firm downgraded U.S.’s long-term rating from “AAA” to “AA+.”
The firm, however, removed the “rating watch negative” assigned a “stable outlook” and reaffirmed the country ceiling to “AAA.”
