2023-08-02 19:29:43
The United States has now also lost its top credit rating of “AAA” from the rating agency Fitch. In 2011, S&P Global advanced and hasn’t seen a reason to raise it since. High national debt and above all the regular dispute over the debt ceiling in the US Congress speak against this.
This is a weakness in the US political system because it blocks budget planning. It is not surprising that the rating downgrade is now making the financial markets nervous. A correction phase has been on the cards for some time due to the high share valuations, which caused the Dax to rise to a record high of 16,529 points on Monday.
In view of the worries about a recession and the still uncertain prospects for inflation and interest rates, investors must be prepared for price setbacks. A correction phase similar to that following the downgrading of the US rating by S&P twelve years ago cannot be ruled out. But the reasons are to be found in the difficult stock market environment and not in the creditworthiness of the world’s largest economy.
Markus Frühauf Published/Updated: , Published/Updated: Recommendations: 4 Published/Updated: Recommendations: 101
It has one important advantage: the key currency, the dollar. If you have to invest money, you still cannot avoid the American currency. Should there be a far-reaching price correction, American government bonds can benefit as a safe haven – regardless of whether Fitch now rates the USA “AAA” or “AA+”.
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