Fitch confirmed the US ' AAA credit rating, but revised the Outlook to negative

01.08.2020 00:39
- there is a continuing deterioration in the state of public finances;

- the debt/GDP ratio is expected to exceed 130% by 2021.;

- the budget deficit is expected to decrease to 11 in 2021%;

- us GDP is expected to shrink by 5.6% this year%;

- The Outlook was revised to negative, reflecting the continuing deterioration of the public finances of the SH and the lack of a credible fiscal consolidation plan, issues that were highlighted in the Agency's latest rating assessment on March 26, 2020. High budget deficits and debt were already rising on a medium-term trajectory, even before the huge economic shock caused by the coronavirus. These factors may begin to erode the traditional us credit strength.

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