Fitch downgrades the USA rating to AA+ (from AAA) | Forexlive

Fitch Ratings with the after-market bombshell

• Downgrades United States’ long-term ratings to ‘AA+’ from ‘AAA’;
  outlook stable
• Rating downgrade of
  US reflects expected fiscal deterioration over next three years, a
  high and growing general government debt burden
• Forecasts a General
  government deficit of 6.6% of GDP in 2024 and a further widening to
  6.9% of GDP in 2025
• Expect US General
  government deficit to rise to 6.3% of GDP in 2023, from 3.7% in 2022
• Expects one further
  Fed hike for us to 5.5% to 5.75% by September