Fitch Revises United States' Outlook to Negative; Affirms at AAA

Fitch Revises United States' Outlook to Negative; Affirms at AAA

From fitchratings.com

Fitch Ratings has affirmed United States' Long-Term Foreign-Currency (LTFC) and Local-Currency (LC) Issuer Default Ratings (IDRs) at 'AAA' and revised the Outlooks to Negative from Stable. KEY RATING DRIVERS The U.S. sovereign rating is supported by structural strengths that include the size of the economy, high per capita income and a dynamic business environment. The U.S. benefits from issuing the U.S. dollar, the world's preeminent reserve currency, and from the associated extraordinary financing flexibility, which has been highlighted once again by developments since March 2020. Fitch considers U.S. debt ... (full story)

USD will certainly be long bear this trading week

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