What are Fitch Ratings and What Does US’s Downgrade Mean for Other Nations?

Aug 2, 2023 | EARNINGS

The global economic downturn caused by Covid and the fallout from NATO’s proxy war against Russia in Ukraine is leaving fewer and fewer nations with the ability to boast of possessing a AAA credit rating, among them Switzerland and Singapore. What are Fitch ratings? How important are they? How do major economies like China rank? Sputnik explores.

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