Moody's downgrades U.S. credit rating on increase in government debt

Moody
# 17 May 2025 05:20 (UTC +04:00)

The Moody’s ratings agency downgraded U.S. creditworthiness Friday from the triple-A category to double-A, as Republicans work to pass a massive bill to cut taxes and spending that would add nearly $4 trillion to the federal deficit, APA reports citing The Hill.

Moody’s dropped the U.S. rating from its “Aaa” category to “Aa1” on concerns over increased debts and interest payments that need to be paid by the federal government.

The downgrade reflects an increase “in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns,” the agency said in a Friday release.

Moody’s has not previously taken a downgrade rating action on US sovereign debt, a representative for the agency told The Hill.

The move follows a negative outlook from Moody’s on the U.S. Aaa rating made in November 2023.

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