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Budget Control Act of 2011
Fitch takes U.S. credit rating off downgrade watch after debt deal
Fitch takes U.S. credit rating off downgrade watch after debt deal

WASHINGTON -- Fitch Ratings on Friday upgraded its outlook for the U.S. AAA credit rating, removing the nation from a downgrade watch after politicians put off another debt limit battle until next year. The company, one of three major credit rating firms, changed the outlook for the rating to stable from a negative watch put in place in October. Fitch said at that time political brinkmanship over raising the debt limit had increased the risk of a government default, raising the probability of a rating downgrade. PHOTOS: Federal Reserve chairs through the years But as part of the deal to end October's partial federal government shutdown, Congress and the White House suspended the...

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