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New challenges ahead as Moody’s downgrades US credit rating after 108 years
Moody’s downgrade from AAA to Aa1 reflects concern about government debt and ends a 108-year perfect rating from the firm, despite previous warnings and previous downgrades from Fitch and S&P Global. Treasury Secretary Scott Bessent dismissed the downgrade as a lagging indicator that reflects rising debt under the Biden administration.
Moody’s downgrade of U.S. debt sets stage for Monday unease
Moody’s cut the U.S. credit rating from Aaa to Aa1, citing years of growing budget deficits and little sign of restraint from lawmakers or successive presidential administrations. The downgrade comes at a time when Washington is debating fresh rounds of tax cuts with no clear funding,
CNBC's Rick Santelli discuss the news of the day.
While markets may react negatively to Moody's downgrade, it may be more "muted and contained" than the response seen in 2011, when S&P lowered the U.S. rating, said Tom Kozlik, managing director, head ...
So, Moody’s downgraded U.S. sovereign credit rating from AAA to AA1, which means that the U.S. debt is no longer top-rated.
Moody’s cut the U.S. credit rating one notch to Aa1 from Aaa due to the federal government’s ballooning budget deficit and ...
US stocks took a hit on Monday while Treasury yields rose, as Wall Street processed Moody's downgrade of the US credit rating ...
Investors will get the first chance to react to Moody’s downgrade of the U.S. credit rating late Friday over rising ...
The downgrade follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest ...
US stock futures slide after Moodys downgraded the countrys credit rating from “Aaa” to “Aa1,” raising alarm over Americas ...
8hon MSN
Gold prices edged higher on Monday, finding support from escalating concerns over the US economic outlook and its burgeoning ...
Investors faced yet another bumpy start to the trading week with US assets coming under fresh pressure, although it’s ...
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