29 Nov 2011

US credit rating upheld by agency

12:51 pm on 29 November 2011

Fitch ratings agency has reaffirmed the AAA credit rating for United States, but warned it could be downgraded because of slow future growth, political stalemate and rising levels of debt.

Fitch says it has less confidence in the federal government's ability to take the necessary steps to rein in the deficit.