2 Out Of 3 Ain’t Bad: Fitch Confirms US AAA Rating

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[credit provider=”NASA” url=”http://www.nasa.gov/multimedia/imagegallery/image_feature_1267.html”]

So in the end, we only lost S&P.Fitch just came out confirming the US AAA ratings.

Moody’s did the same on the Monday following the S&P downgrade.

Given the possible significance of having 2 out of 3 raters keep you at AAA (because for many investment companies, they need 2 out of 3 to satisfy their AAA mandate) this is good news.