Loss of Moody’s triple-A rating comes amid concerns about fiscal trajectory and widening budget deficit
US government debt may come under more pressure this week after the credit rating agency Moody’s stripped the US of its top-notch triple-A credit rating.
Moody’s dealt a blow to Washington last Friday, when it downgraded the US and warned about rising levels of government debt and a widening budget deficit. Moody’s cut its credit rating on the US by one notch to Aa1 from Aaa, becoming the last of the big three agencies to downgrade the US.