Fitch affirms US rating at 'AAA,' hikes economic outlook to stable
March 22, 2014, 12:08 am TWN
PARIS--Fitch Ratings on Friday affirmed U.S. credit ratings at the top-notch “AAA” level but raised the outlook for the world's top economy to stable from negative.
Fitch said it was raising its outlook to stable in part because of the way the U.S. federal debt limit was suspended in February.
It had placed the U.S. economy on negative watch in October.
“The federal debt limit was suspended in mid-February in a timely manner and in a way that avoided casting uncertainty over the full faith and credit of the U.S., in contrast to the crises in August 2011 and October 2013,” it said.
The raised outlook also reflected the fact that the agency was now expecting the country's debt to peak at a lower point than previously estimated.