Fitch Ratings keeps US at top credit rating
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Fitch Ratings says it will keep its rating on US debt at the highest grade, AAA. It also says its outlook on the US. ratings is stable. Fellow ratings agency Standard & Poor's, set off a tempest in the stock market last week after it downgraded part of the US debt rating from the highest grade to the second-highest grade.
Fitch cited the United States' "flexible, diversified and wealthy economy," as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks. The other main ratings agency, Moody's, still rates the U.S. debt at its highest grade but says its outlook is negative. (AP)
