Tags: national debt

Fitch downgrades US credit rating, citing ‘repeated debt-limit political standoffs’

Fitch Ratings, one of the three major independent credit rating agencies, downgraded the long-term U.S.credit rating from AAA, the highest tier, to AA+ on Tuesday evening. This is only the second credit downgrade in U.S. history, following a cut by S&P Global Ratings in 2011 amid a fight between House Republicans and President Barack Obama…