Fitch Agency Downgrades U.S. Govt’s AAA Credit Rating by a Notch

The American rating agency Fitch has downgraded the U.S. government’s triple-A credit rating by a notch, triggering concerns among investors. U.S. Debt Rating Downgrade May Drive Up Interest Rates Fitch said it downgraded the rating to double-A plus, citing expected fiscal deterioration over the next three years as well as the US government’s high and growing general debt burden.     The global ratings agency Fitch this week lowered its assessment of the creditworthiness of the U.S. government, announcing that it had downgraded U.S. Treasury securities from the agency’s top AAA rating to a slightly lower AA+ designation. In the…