Moody’s Downgrades U.S. Credit, Citing Rising Debt And Government Dysfunction
On May 16th, Moody’s Ratings (Moody’s) decided to downgrade the U.S. government’s creditworthiness from Aa1 to Aaa, while shifting the long-term outlook from “stable” to “negative.” The decision comes as no surprise to many, as growing debt burdens and budget deficit continue to stress the new administration. Moody’s downgrade was