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Fitch revises U.S. outlook to negative; affirms AAA rating

Fitch Ratings revised the outlook on the United States' triple-A rating to negative from stable on Friday, citing eroding credit strength, including a growing deficit to finance stimulus to combat fallout from the coronavirus pandemic. The credit rating agency also said the future direction of U.S. fiscal policy depends in part on the November election for president and the resulting makeup of Congress, cautioning there is a risk policy gridlock could continue. Read More

from Financial Post https://ift.tt/2DsRIxS
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