Moody’s downgraded the US credit rating from Aaa to Aa1, ending its perfect rating that had been in place since 1917. This decision comes due to concerns about the growing US deficit, higher interest payments, and slow economic growth.
Comments
Log in with your Bluesky account to leave a comment
Moody’s predicts the federal debt will rise significantly in the coming years, which could lead to higher borrowing costs for the US. The downgrade follows similar actions by other agencies, Fitch and S&P Global, in recent years.
Comments