Fitch: lowering US rating decision is due to polarization, deterioration of governance

Richard Francis, senior director of sovereign ratings at Fitch Ratings, said today, Wednesday, that Fitch made its decision to downgrade the credit rating of the United States of America due to financial concerns, deteriorating governance and the polarization that was evident in the tensions of January 6.

According to “Reuters”, and in a move that surprised investors, Fitch on Tuesday downgraded the United States from AAA to AA+, attributing this to the expected financial deterioration over the next three years and the recurrence of government debt ceiling negotiations that threaten the administration’s ability to pay its obligations.