Moody's downgrades US credit rating citing rising debt
Source: BBC
Getty ImagesMoody's warned in 2023 that the US' triple-A rating was at riskThe US has lost its last triple-A credit score from a major ratings firm after being downgraded by Moody's, which cited growing federal debt over the past decade.In lowering the US rating to 'Aa1', Moody's noted that successive US administrations had failed to reverse ballooning deficits and interest costs.A triple-A rating signifies a…
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