The Indicator from Planet Money
The Indicator from Planet Money
NPR
Fitch, please! Why Fitch lowered the US credit rating
9 minutes Posted Aug 2, 2023 at 10:33 pm.
0:00
9:12
Download MP3
Show notes
The credit rating agency, Fitch, caused a stir yesterday when it downgraded the United States' credit rating from AAA to AA plus. This came less than a week since Federal Reserve staff stopped forecasting a recession on the horizon.

So what gives? Today, we talk to an economist to break down the reasons why Fitch no longer views the US as among the safest of bets.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy