Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
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it starts
"..The United States has been stripped of a prized top credit rating for the first time, as fears rise that the Trump administration will not tackle its soaring debts.
Moody’s has downgraded America’s credit rating to Aa1, down one notch from Aaa, amid warnings over soaring deficit and debt interest costs.
The US has now lost its triple-A rating from all three major credit rating agencies, after Fitch made a similar downgrade in 2023. S&P Global downgraded the US in 2011.
It means the US can no longer claim to hold the esteemed rating, which allows countries to borrow at the lowest possible rates.
Moody’s said its action “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns”.
However, the agency signalled that the president’s plans played a part in its decision to downgrade as it warned that the outlook for US finances was worsening.
comrade stalin
moscow
"..The United States has been stripped of a prized top credit rating for the first time, as fears rise that the Trump administration will not tackle its soaring debts.
Moody’s has downgraded America’s credit rating to Aa1, down one notch from Aaa, amid warnings over soaring deficit and debt interest costs.
The US has now lost its triple-A rating from all three major credit rating agencies, after Fitch made a similar downgrade in 2023. S&P Global downgraded the US in 2011.
It means the US can no longer claim to hold the esteemed rating, which allows countries to borrow at the lowest possible rates.
Moody’s said its action “reflects the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns”.
However, the agency signalled that the president’s plans played a part in its decision to downgrade as it warned that the outlook for US finances was worsening.
comrade stalin
moscow
