The US government's credit rating has been downgraded following concerns over the state of the country's finances and its debt burden.
Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.
Fitch said it had noted a "steady deterioration" in governance over the last 20 years.
US Treasury Secretary Janet Yellen called the downgrade "arbitrary".
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Fitch, one of three major independent agencies that assess creditworthiness, cut the rating from the top level of AAA to a notch lower at AA+.
Fitch said it had noted a "steady deterioration" in governance over the last 20 years.
US Treasury Secretary Janet Yellen called the downgrade "arbitrary".
Please subscribe here: http://bit.ly/1rbfUog
#US #BBCNews
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