"Moody's Downgrades US Credit Rating: Impact on Financial Markets and Interest Rates"

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"Moody's Downgrades US Credit Rating: Impact on Financial Markets and Interest Rates"

[!CDATA[The United States' debt was downgraded by Moody's Ratings on Friday, marking the end of its perfect credit rating. This move has the potential to impact financial markets and lead to higher interest rates. Moody's was the last of the three major credit rating agencies to maintain a AAA rating for US debt, which had been in place since 1917. However, the agency now ranks US creditworthiness one notch lower at Aa1, aligning with Fitch Ratings and S, which downgraded US debt in 2023 and 2011, respectively. The decision to lower the credit rating was based on the significant increase in government debt and interest payment ratios over the past decade, surpassing levels seen in similarly rated sovereigns, according to Moody's statement. This is an ongoing development that will be monitored closely for updates.]]