Fitch affirms US AAA rating, upgrades outlook to stable

FXStreet (Bali) - Fitch affirmed the US on its AAA rating with stable outlook, removing the country from the negative watch. According to the rating agency, the US debt is now in a better position compared to other developed nations given the reserve currency status. Fitch also added that the strong fiscal consolidation and low financial sector risks (Fed's stress tests to banks saw 29 out of 30 banking institutions passing the test on Thursday) was also a positive input helping them make the decision.