Fitch Removes U.S. Credit Downgrade Warning

In a rating action report released Friday, Fitch affirmed the United States’ credit ratings at the top-notch AAA with a stable outlook for the future. “Thanks to the tenacity of the American people and the determination of the private sector we are moving in the right direction,” Treasury Secretary Jacob J. Lew said in the late February report on the U.S. government’s 2013 fiscal year. “The United States has recovered faster than any other advanced economy, and our deficit today is less than half of what it was when President Obama first took office.” The update wiped away the negative rating watch that the agency placed on the country on October 15 of last year, when the U.S. was in the midst of a federal government shutdown.