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  3. Fitch downgrades US credit rating from AAA to AA+

Fitch downgrades US credit rating from AAA to AA+

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US Treasury Secretary Janet Yellen called the downgrade "arbitrary". Fitch said it had noted a "steady deterioration" in governance. Investors use credit ratings as a benchmark for judging how risky it is to lend money to a government.

Fitch downgrades US credit rating from AAA to AA+