Moody’s Downgrades US Credit Rating Due to Soaring Debt
Moody’s Downgrades US Credit Rating to ‘Aa1’, Ending Era of Perfect Credit In a historic move, Moody’s has stripped the United States of its last remaining perfect credit rating, downgrading it from ‘AAA’ to ‘Aa1’. The decision, announced on Friday, comes as a result of mounting concerns over debt sustainability and increasing interest costs. This ...