The rating agency Fitch has downgraded the credit rating of the USA from the top grade "AAA" to "AA+". Among the reasons given by Fitch were the deterioration of the budgetary situation and the high level of public debt in the United States.
The downgrade of the U.S. ranking means that the U.S. will have to pay more interest on its bonds.
Currently, the per capita debt in the U.S. is more than $100,000. By comparison, in most European countries, per capita debt is less than 40,000 euros.
The debt of the USA is currently 32,810,278,470,000 US dollars.
Another problem : The Chinese real estate market has significantly lost value There are currently major problems with various Chinese real estate companies. These companies are in debt to the tune of billions. Also with American banks. Another reason for the downgrade and the concern of the stock markets.
The downgrade of the U.S. ranking means that the U.S. will have to pay more interest on its bonds.
Currently, the per capita debt in the U.S. is more than $100,000. By comparison, in most European countries, per capita debt is less than 40,000 euros.
The debt of the USA is currently 32,810,278,470,000 US dollars.
Another problem : The Chinese real estate market has significantly lost value There are currently major problems with various Chinese real estate companies. These companies are in debt to the tune of billions. Also with American banks. Another reason for the downgrade and the concern of the stock markets.
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