USA : BANANA REPUBLIC
Fitch Ratings on Tuesday downgraded America’s long-term foreign-currency-issuer default rating, citing ongoing and projected future fiscal instability, an increasingly long and disruptive governance process, and rising debt and deficits
The reasons cited are much more meaningful and damning than just the usual fiscal ones everytime there is a debt ceiling “crisis”. Long overdue and just the beginning of saying out loud what everyone knows is coming.