The US was stripped of its last top-tier credit rating on Friday after Moody’s Ratings downgraded the nation on an increase in government debt and a higher interest burden.
Moody’s lowered the US credit score to Aa1 from Aaa on Friday, joining Fitch Ratings and S&P Global Ratings in grading the world’s biggest economy below the top, triple-A position. The one-notch cut comes more than a year after Moody’s changed its outlook on the US rating to negative. The credit assessor now has a stable outlook.
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