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13 reactions | Fitch Ratings on Tuesday downgraded U.S. long-term foreign-currency issuer default rating from "AAA" to "AA+". One reason for the downgrade is the high proportion of U.S. debt to its GDP, James McCormack, global head of sovereign & supranational ratings at Fitch, tells CGTN. The other, more important, reason is loss of confidence in the U.S. governance, he adds. | CGTN Global Business | Facebook
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