Fitch Ratings Reviews 2

The US can always repay its debt because, unlike European countries, it can print its dollars. Despite this, the European Union has an AAA Fitch Rating. How much sense does that make?

The Ukraine war has shown that the EU cannot defend itself without the USA. Many EU countries have more debt than the USA. Inflation rates, price levels and real per capita income in the countries of the European Monetary Union have been diverging for years.

Who needs this kind of "rating"?

"Fitch Downgrades the U.S. Long-Term Rating to 'AA+'; Outlook Stable"

If the proof was still needed, now we know for certain that rating agencies are perfectly superfluous!