Getting heat for downgrading the United States debt, credit rating agency Fitch took to the airwaves to defend the controversial move viewed by many as unwarranted and bizarrely timed.
"The numbers speak for themselves," Richard Francis, the co-head of Americas sovereign ratings at Fitch, told CNN on Wednesday. By his count U.S. debt as a share off gross domestic product soared to 113% of the U.S. annual economic output from below 60% in 2007.
