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Fitch Confirms U.S. AAA Rating, With Stable Outlook


The Fitch rating agency has confirmed its AAA rating of the United States, 10 days after another major rating agency, dealt the country its first-ever downgrade.

Standard & Poor's said the downgrade from AAA to AA+ -- due to its heavy debt burden.

Fitch said that its decision was based on the fact that "the key pillars of the United States' exceptional creditworthiness remain intact: its pivotal role in the global financial system and the flexible, diversified and wealthy economy that provides its revenue base."

compiled from agency reports
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