Fitch cuts U.S. credit rating

Fitch cuts U.S. credit rating

The big problem, in my opinion, is that the today’s action by Fitch Rating won’t be the last ding to the U.S credit rating. It’s hard of me to see a quick turnaround in any of the negative trends that Fitch cited as a reason for lowering its rating on U.S. debt to AA+ from AAA.