Fitch Affirms The United States Of America At 'AA+'; Outlook Stable; Says U.S. Ratings Constrained By High Fiscal Deficits, Substantial Interest Burden & High Government Debt
Portfolio Pulse from Benzinga Newsdesk
Fitch Ratings has affirmed the United States' credit rating at 'AA+' with a stable outlook. The rating is constrained by high fiscal deficits, substantial interest burden, and high government debt.
August 29, 2024 | 4:57 pm
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Fitch's affirmation of the US credit rating at 'AA+' with a stable outlook may impact SPY, as it reflects the overall economic stability and fiscal challenges of the US, which can influence investor sentiment.
SPY, as an ETF that tracks the S&P 500, is indirectly affected by US credit ratings. The affirmation at 'AA+' with a stable outlook suggests stability, but the constraints of high fiscal deficits and debt could weigh on investor sentiment, balancing the impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50