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Moody's strips U.S. government of top credit rating, citing Washington's failure to rein in debt
The financial ratings firm lowered the U.S. credit rating from the gold-standard Aaa to Aa1. It said it expected federal deficits to widen, mostly due to increased interest payments on debt, rising entitlement spending and relatively low revenue generation.
Credit rating firm Moody’s downgraded the rating on U.S. sovereign credit on Friday, citing concern over the growth in the ...
Moody’s downgrades the U.S. credit rating for the first time since 1919, citing rising debt. Crypto markets react with ...
The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.
Moody’s Ratings downgraded the United States’ debt on Friday, stripping the country of its last perfect credit rating ...
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