Too many similarities to Alaska for comfort
August 9, 2023
One of three major credit-rating agencies downgraded the U.S. government’s creditworthiness by a notch last week.
Fitch said it made the move mostly because of the government’s rising debt and ongoing political difficulties of addressing spending and tax policies — “and the erosion of governance.”
With a review like that, the nation is lucky it didn’t drop more than one grade.
The lower the credit rating, the higher the interest rate the nation may have to pay to borrow money, the same as home or car buyers with low credit scores.
No doubt the analysts at Fitch are looking at th...