Tuesday, August 16, 2011
Two out of three isn't bad
All the more so when the odd ratings agency out is just making things up as they go along.
Fitch Ratings says it will keep its rating on U.S. debt at the highest grade, AAA. It also says its outlook on the U.S. ratings is stable...I guess when you leave the politics out of it, it is an easy call.
Fitch cited the United States' "flexible, diversified and wealthy economy," as well as its flexibility in monetary and exchange rates that allows it to adjust to marketplace shocks.
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