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NEW YORK (AP) — Fitch Ratings says that the U.S. still deserves its highest credit rating.
Fitch on Friday affirmed its "AAA" rating on U.S. debt. The ratings agency said its outlook on the rating is stable, meaning it does not expect a downgrade in the near future.
Fitch said the U.S. can tolerate more debt than other countries because the dollar is the world's pre-eminent reserve currency and fixed-income asset. It also noted the country has the deepest and most liquid capital markets in the world.
But Fitch said economic policymaking in the U.S. is weaker than in other countries with strong credit ratings, as evidenced by the debt ceiling crises, the federal government shutdown in 2013, and other events. It said more debt ceiling wrangling could come in 2015.
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