U-S-A, U-S-A.
Fitch affirmed the US government’s triple-A rating.
- Fitch sees the Fed hiking in mid-2015
- Sees deficit hitting 3.8% of GDP in 2022
- Deficit to rise starting in 2016 with current policies
- Sees deficit at 2.9% of GDP in 2014 fiscal year
No surprise as US government finances continue to recover after the crisis. In the longer-term there are some demographic and entitlement time bombs that are ticking but for now the US government and US dollar are rock solid.
That’s a triple-A rated smile