Moody’s cuts US’ triple-A credit rating by one notch citing rising debt; changes outlook to ‘stable’

Moody’s Investors Service downgraded the United States’ sovereign credit rating on Friday, citing rising concerns over the nation’s growing $36 trillion debt burden. The credit rating agency lowered the US government’s long-standing rating by one notch to “Aa1” from “Aaa” and revised its outlook to “stable” from “negative.” Moody’s had maintained the United States’ top-tier…

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