USA credit rating outlook revised to negative from stable by Fitch


Bold move by the rating agency

The rating was affirmed at AAA but lowered to negative from stable. That’s how you get yourself a lawsuit.

  • Cites ongoing deterioration in public finances
  • Sees general debt to GDP above 130% by 2021
  • Expects deficit to narrow to 11% of GDP in 2021
  • Expects US economy to contract 5.6% this year
  • Statement

For bank trade ideas, check out eFX Plus

Articles You May Like

Live Forex Best Strategy Analysis – Forex trading Strategy
NetPicks PTU Trend Jumper Free Trading System Strategy – Forex EURUSD
Forex Pyramiding Trading Strategy +200 Pips – 2ndSkiesForex
Trading Price Action With Confluence Levels (Tutorial)
Verbatim: Exactly what Trump said about ‘another big jobs number’