Some thoughts on the U.S. credit rating downgrade 🤔

There's precedent — and that may blunt its impact 🗓

(Source: RawPixel)

On Tuesday, bond rating agency Fitch downgraded its rating on U.S. credit from a pristine AAA to a slightly less pristine AA+.

From Fitch’s announcement: “The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of g…