Fitch Downgrades US Treasurys: A Tale of Debt and Dysfunction
Loomis Sayles Credit Research
AUGUST 3, 2023
On 1 August, Fitch Ratings announced it was cutting the long-term rating of US Treasurys one notch from AAA to AA+, but switching its outlook from negative to stable. [i] i] To many, the move recalled memories of when the S&P downgraded US Treasurys in August 2011.
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