US markets plummeted overnight following Fitch downgrading the US credit rating from AAA to AA+.

The agency cited fiscal deterioration over the next three years and drawn-out debt ceiling negotiations.

Fisher Funds senior portfolio manager Sam Dickie says the fiscal situation in the US Government has been heavily publicised, meaning Fitch mulled over their decision to downgrade.

LISTEN ABOVE

US markets plummeted overnight following Fitch downgrading the US credit rating from AAA to AA+.
The agency cited fiscal deterioration over the next three years and drawn-out debt ceiling negotiations.
Fisher Funds senior portfolio manager Sam Dickie says the fiscal situation in the US Government has been heavily publicised, meaning Fitch mulled over their decision to downgrade.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.