https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023
In: 4
ELI5: This is a risk assessment. It means that investors find it riskier to lend to US government. (Through bonds, etc.)
*It is like you personally going to bank and ask for a loan of 10k, but the bank would only give you 8k because your credit score is a bit low.*
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