The Big Picture » Fitch move on USA as expected

Fitch move on USA as expected

Posted By Barry Ritholtz On November 28, 2011 @ 4:45 pm In MacroNotes | Comments Disabled

Fitch affirmed its AAA rating on the USA but revised its outlook to negative from stable. This change is completely as expected as Fitch last week said they would do so by month’s end in response to the lack of a deal by the not so Super Committee.

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