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August 2, 2023

Fitch Downgrades U.S. Government Debt

On August 1, 2023, Fitch rating agency downgraded the debt of the U.S. Government from AAA to AA+, citing “the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that has...
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