March 21, 2014 / 5:25 AM / 3 years ago

Fitch affirms United States rating, off negative watch

SYDNEY, March 21 (Reuters) - Fitch Ratings on Friday said it had affirmed the United States' credit ratings at "AAA" with a stable outlook, removing the country from negative watch.

The action resolves the Rating Watch Negative on which the ratings were placed in October last year, the agency said.

Fitch noted the United States had greater debt tolerance than other triple-A peers owing to the unparalleled financing flexibility provided by being the issuer of the world's reserve currency and benchmark fixed income asset.

It also noted that the debt ceiling crises from last year had not negatively affected U.S. bond yields or reduced foreign holdings of Treasury securities.

"Therefore Fitch does not believe the role of the U.S. dollar, sovereign financing flexibility or debt tolerance has been materially damaged," Fitch said. "Strong fiscal consolidation has been achieved," it added. (Reporting by Wayne Cole; Editing by Matt Driskill)

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