Fitch downgrades U.S. to negative

Filed under: AM Roundup |

All three major credit raters have downgraded the United States, with Fitch being the last do so after the failure of the supercommittee to reach an agreement, reports Bloomberg.

Fitch still has given the U.S. a AAA+ rating, but said the downgrade reflects declining confidence that the nation will act to address soaring deficits.

Read more at Bloomberg.