Home Page | Photos | Video | Forum | Most Popular | Special Reports | Biz China Weekly
Make Us Your Home Page
World
Most Searched: Malaysia Airlines  Crimea  MH370  Antarctic rescue  Mandela  

Fitch affirms U.S. AAA rating after review

English.news.cn   2014-03-21 23:35:20

NEW YORK, March 21 (Xinhua) -- Fitch Ratings Friday affirmed United States' long-term credit rating at "AAA" with a stable outlook and resolved the negative watch it placed on the country's credit rating in October.

The rating agency started a review of the AAA rating of the United States in October 2013, warning the rating may be downgraded. Fitch had said a resolution would take place by the end of March.

Fitch said in a statement the federal debt limit was suspended in mid February in a timely manner and in a way that avoided casting uncertainty over the full faith and credit of the United States.

Fitch forecast U.S. gross general government debt to peak at 100 percent of GDP in 2014 and this is below the threshold of 110 percent that it previously identified as incompatible with a "AAA" rating.

Moreover, Fitch said the United States has achieved strong fiscal consolidation and the Federal Reserve has started normalizing its monetary policy.

It expected U.S. economic growth to accelerate from 1.9 percent in 2013 to 2.8 percent in 2014 and 3.1 percent in 2015.

Editor: yan
分享
Related News
Home >> World            
Most Popular English Forum  
Top News  >>
Photos  >>
Video  >>
Top Science News Latest News  
  Special Reports  >>
010020070750000000000000011105521332049781