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Moody’s strips US of top credit rating: What the downgrade means for your wallet
Moody’s has downgraded the US credit rating for the first time, citing rising debt and political dysfunction. Here’s what the move means for your wallet, interest rates, and the broader economy.
Moody's downgrades US credit rating, citing rising debt
Moody’s has downgraded the nation’s credit rating one notch to Aa1, leaving the U.S. without a top grade among any of the major rating agencies.
Moody's pushes U.S. out of elite 'AAA' club citing rising debt
Moody's on Friday downgraded its credit rating of the United States by a notch to "Aa1" from "Aaa", citing rising debt and interest "that are significantly higher than similarly rated sovereigns". "Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs,
Moody’s downgrades U.S. credit as Congress considers bill that could add to deficits
Moody’s blamed the downgrade on more than a decade of increasing government debt and interest payment ratios, and the failure of U.S. administrations and Congress “to agree on
Moody's Strips U.S. Government of Top Credit Rating, Citing Washington's Failure to Rein in Debt
Moody’s Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments’ failure to stop a rising tide of debt
Moody's cuts America's pristine credit rating, citing rising debt
The downgrade follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, and comes as Congress debates tax and spending plans that could deepen the fiscal hole.
Scott Bessent calls Moody's a 'lagging indicator' after U.S. credit downgrade
Treasury Secretary Scott Bessent said in an interview on NBC News' "Meet the Press" that Moody's Ratings were a "lagging indicator" after the group downgraded the U.S.' credit rating by a notch from the highest level.
Moody's becomes final credit agency to downgrade U.S. debt rating
Moody's Ratings downgraded U.S. debt, becoming the last of the three major credit rating agencies to move in that direction.
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