Fitch Gives U.S. AAA Rating

    A pedestrian walks past the New York Stock Exchange on early Friday, Aug. 5, 2011 in New York. Stocks around the world tumbled Friday ahead of crucial U.S. jobs figures, continuing a losing streak reminiscent of the aftermath of the collapse of U.S. investment bank Lehman Brothers in 2008. (AP Photo/Jin Lee)

    Jin Lee / AP Photo

    The international ratings agency Fitch affirmed the U.S.’s top-notch credit rating Tuesday, giving the country a breather after being downgraded by Standard & Poor’s just over a week ago. Fitch said the outlook for the U.S.’s credit rating is stable—meaning it won’t be getting a downgrade any time soon. It cited America's "pivotal role in the global financial system and the flexible, diversified and wealthy economy that provides its revenue base" as the reasons for its decision.

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