Fitch cuts US sovereign rating on steady deterioration in standards of governance

<p>Asian stock markets took a significant plunge following Fitch Ratings’ surprise decision to downgrade US sovereign rating from AAA to AA+. This move mirrors S&P Global Ratings’ decision made over a decade ago, causing considerable unrest among investors. Fitch’s statement highlighted, “In Fitch’s view, there has been a steady deterioration in standards of governance over […]</p>
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