Raymond Mhor: US Credit Rating Downgraded by Two of Three Credit Agencies

BREAKING NEWS – U.S. Credit Rating Downgraded By Two of Three Credit Agencies AUG 5, 2023 Tuesday night Aug 1st, after the markets closed and in a surprise move, Fitch downgraded the US credit rating to AA+. The downgrade marks the second cut by a major rating agency, and this is huge news. The first cut took place with Standards and Poor’s, who still currently has the U.S. credit rating set at “AA+” and is still holding to that rating. And Fitch being the second with a rating of AA+. The biggest reason for Fitch’s move is due to the…