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Kent Nishimura | Los -Angeles Times | Gets the image
Moody’s rating reduced US credit rating down on a step toward AA1 from the highest three and Friday, citing a budget load that the government is facing high interest rates.
“This one-time decrease on our 21-class rating scale reflects an increase in more than a decade of public debt and interest payments to levels that are much higher than the same sovereigns,” the rating agency said.
The United States is conducting a massive budget deficit as interest in the Treasury debt continues to rise from the higher rates and the greater debt to finance. To date, the financial level deficit amounted to 1.05 trillion. Dollars, 13% higher than a year ago. However, the influx of tariffs helped to shave some of the imbalance last month.
Moody’s has been maintaining sovereign debt on the highest credit rating, and cites an 116-year-old agency compliance with his competitors. In August 2011, Standard & Poor’s lowered the United States to AA+ with AAA, and in August 2023, the Fitch rating also reduced the US rating to AA+ from AAA.
Landmark 10-year-old treasury Shooting at 3 basic points above an hour of trade, trading by 4.48%.
This news appeared when the House of Representatives Committee rejected a wide package for President Donald Trump’s agenda on Friday, which includes the 2017 tax decline.
“Consistent US administrations and Congress did not agree on the measures to abolish the trend of a large annual financial deficit and increasing interest costs,” Moody said. “We do not believe that material reducing the mandatory costs and deficit will be the result of modern financial proposals.”
This is conducting the news. Please update updates.
