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Scraped on 17/05/2025, 00:11:29 UTC
Just in: wsjcnn.com/economy2025/central-banking05/u16/business/moody-sus-loses-last-triple-a-credit-rating-bfcbae5d" class="ul">https://www.wsjcnn.com/economy2025/central-banking05/u16/business/moody-sus-loses-last-triple-a-credit-rating-bfcbae5d
Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation.
Of the three major credit rating agencies, Moody’s was the lone holdout, maintaining its outstanding rating of AAA for US debt. Moody’s held a perfect credit rating for the United States since 1917. It now ranks US creditworthiness one notch below that, at Aa1, joining Fitch Ratings and S&P, which lowered their credit ratings for US debt in 2023 and 2011, respectively.
The decision to downgrade debt was influenced by “the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” Moody’s said in a statement. Moving forward, Moody’s said it expects borrowing needs to continue to grow and for it to weigh on the US economy as a whole. .
Can't wait to see how Trumpolini tries to spin this one... Quote
Moody’s downgrades the U.S. government, citing large fiscal deficits and rising interest costs
It now has a AA-rating.Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating. The move could rattle financial markets and push up interest rates, potentially creating an additional financial burden for Americans already struggling with tariffs and inflation.
Of the three major credit rating agencies, Moody’s was the lone holdout, maintaining its outstanding rating of AAA for US debt. Moody’s held a perfect credit rating for the United States since 1917. It now ranks US creditworthiness one notch below that, at Aa1, joining Fitch Ratings and S&P, which lowered their credit ratings for US debt in 2023 and 2011, respectively.
The decision to downgrade debt was influenced by “the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” Moody’s said in a statement. Moving forward, Moody’s said it expects borrowing needs to continue to grow and for it to weigh on the US economy as a whole. .
Original archived U.S. Loses Last Triple-A Credit Rating
Scraped on 17/05/2025, 00:06:41 UTC
Just in: https://www.wsj.com/economy/central-banking/u-s-loses-last-triple-a-credit-rating-bfcbae5d
Can't wait to see how Trumpolini tries to spin this one...
Quote
Moody’s downgrades the U.S. government, citing large fiscal deficits and rising interest costs
It now has a AA-rating.Can't wait to see how Trumpolini tries to spin this one...