Fitch U.S. Ratings Cut: Analysts and Experts Weigh In
The U.S. is unlikely to regain its AAA rating with Fitch Ratings due to growing political instability and expected fiscal deterioration over the next three years, according to Elliot Hentov, head of macro policy research at State Street Global Advisors. Hentov, who was part of the team that downgraded the U.S. credit rating in 2011, stated that the fiscal profile and governance of the U.S. are worse than before and not comparable to other AAA-rated countries. Despite some dismissing the downgrade as insignificant, Hentov believes it reflects the current state of the U.S. economy.