Archive for August 2020

Fitch ratings agency revised its outlook on the US’ AAA rating to negative as the world’s largest economy’s national debt topped $26.5 trillion (Dh97tn) in June and it continues to grapple with the coronavirus health crisis. Though the country’s AAA rating was not changed, the revision in outlook is a reflection of “the ongoing deterioration…

The resurgence of COVID-19 in the United States is paving the way to a debt record, even relative to government debt at the end of World War II. The collateral damage in global recovery will be significant. Only two quarters ago, US federal debt hovered around $23 trillion; a stunning 106% as a percentage of…