Moody's downgraded the US from a triple-A to an Aa1 credit rating, marking the last downgrade following action by other agencies. The downgrade was primarily attributed to increasing federal debt and interest costs, compounded by ongoing fiscal deficits that are expected to worsen over the next decade. Despite the downgrade, Moody's revised its outlook for the US from negative to stable, praising exceptional credit strengths such as the robustness of the economy, the US dollar's global status, and strong institutional frameworks like the independent Federal Reserve.
The US lost its triple-A credit score with Moody's on Friday, citing rising federal debt and interest costs as the main reasons for the downgrade.
Moody's also changed its outlook for the US from negative to stable, citing several credit strengths including the size and resilience of the US economy.
Collection
[
|
...
]