Fitch dings U.S. credit outlook

[Javaman]

http://money.cnn.com/2011/11/28/news/economy/us_credit_rating/index.htm?iid=Lead

NEW YORK (CNNMoney) -- In the wake of the Congressional debt committee's failure to find agreement, Fitch Ratings affirmed the United States' top-notch credit rating on Monday but revised its rating outlook to "negative," down from "stable."

That change indicates that the agency sees a slightly greater than 50% chance that it will downgrade the country's AAA rating within two years.

In affirming the rating, Fitch said the U.S. economy is still the most productive in the world and the government has "unparalleled financing flexibility." The U.S. bond market is the largest and most liquid in the world and the dollar is the global reserve currency -- held by banks worldwide and a staple in international transactions.

But the agency cited its "declining confidence" that Congress would enact "timely fiscal measures" to put the country's public finances on a sustainable path.

more at link...

[unhappycamper]

1. Uuuuuh

I think our credit rating is now AA+, not AAA.

At least S&P sez so.

Maybe the folks at CNN are too busy to fact check.