Moody’s no longer has a gold-standard ‘AAA’ sovereign credit rating for the United States. On Friday, Moody’s—one of the three main credit rating agencies—cut the US sovereign credit rating by a notch to ‘AA1’ from ‘AAA’ citing the growing American debt pile. Moody’s becomes the last of the big three rating firms to downgrade the federal US debt, following similar moves by Fitch in 2023 and S&P in 2011.
Moody’s no longer has gold-standard ‘AAA’ rating for US—Key takeaways
