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JUN 28, 2013 - Business Insider

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Fitch Affirms AAA Rating For US But Elevated Debt Keeps Outlook Negative

NEW YORK (Reuters) - Fitch Ratings on Friday affirmed the United States' top level credit rating at AAA but held the outlook at negative, citing still elevated debt levels that leave it vulnerable to shocks unless more deficit reduction measures are adopted. The affirmation reflects strong economic and credit fundamentals, the firm said in a statement. Fitch said it will conduct a further review of the credit rating by the end of 2013. "The outlook remains negative due to continuing uncertainty over the prospect for additional deficit-reduction measures necessary to reduce government ... Read More

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