Fitch Ratings lowered its outlook on the U.S credit rating to negative from stable, after the U.S super congressional committee failed last week to erect deficit-reduction measures of roughly $1.2 trillion over the next decade, but luckily retained the U.S top AAA rating.

Fitch believed the downwardly revised outlook reflects its declining confidence that timely fiscal measures necessary to place U.S. public finances on a sustainable path and secure the U.S. triple-A sovereign rating will be forthcoming,.