Fitch maintains US triple-A rating

Fitch on Tuesday confirmed its AAA rating of the creditworthiness of the United States, just 10 days after the rival credit ratings agency Standard & Poor's issued the country's first ever downgrade, citing its massive deficits and debt.

Reuters/Joshua Roberts

Fitch Ratings reached a different conclusion saying "the key pillars of US's exceptional creditworthiness remain intact: its pivotal role in the global financial system and the flexible, diversified and wealthy economy that provides its revenue base."

The statement continued "Monetary and exchange rate flexibility further enhances the capacity of the economy to absorb and adjust to 'shocks'."

But the ratings agency said it will review its projections of the US fiscal deficit and growth expectations when it has examined the proposals of a joint Congressional committee which has until the end of November to find ways of cutting 1.5 trillion dollars from US deficits over the next decade.