Surprise US debt downgrade

Fitch has downgraded the US credit rating to AA+ from AAA in a move that surprised many asset classes that had been enjoying a steady northern hemisphere summer. Adam Furlan explores the reasons for the decision, especially as recent data from the world’s biggest economy has been so encouraging, and the impact on emerging markets.

7 Aug 2023

9 minutes

Adam Furlan

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Authored by

Adam Furlan
Portfolio Manager

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