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Moody’s Ratings cut the United States’ sovereign credit rating,bringing the agency in line with its peers. Standard & Poor’s and Fitch Ratings have bumped down the U.S. from the top rating — which did so in 2011 and 2023 respectively.
Moody cut the US’ sovereign credit rating down one notch to Aa1 from Aaa, which is the highest possible, citing the growing burden of financing the federal government’s budget deficit and debt. Treasury Secretary Scott Bessent on Sunday called the downgrade a “lagging indicator,” claiming it reflects conditions during the Biden administration.
The firm cited the financing challenges tied to the federal government's growing budget deficit and the ramification of rolling over existing US debts in a period of high borrowing costs.
The debt downgrade could pressure bond prices and raise yields at a time when the economy is already under pressure from President Trump’s unfolding tariff policy. Also Moody’s downgrade is symbolic in the sense that here’s a major rating agency that’s calling out that the U.S. has strained debts and deficits.
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