The downgrade on Friday means the United States has lost its last triple-A credit rating from a major ratings firm following cuts by Fitch Ratings in 2023 and S&P Global Ratings in 2011. Moody's Ratings also forecasted ...
Analyzing the impact: Historical perspectives on U.S. Treasury downgrades Ashwin Alankar, PhD Assessing the market reactions following the previous two U.S. credit rating downgrades to provide perspective on the May 16 downgrade by Moody’s. ...
"We expect that should a shutdown occur, it will prompt Moody's to cut the US credit rating below AAA. This would be the third rating agency to downgrade the US." Nigel Green adds: "And third, the Israel-Hamas war will weigh on sentiment as individuals and businesses become more risk...
MARTIN CRUTSINGER
U.S. Credit Rating Downgrade August 2023 Fitch credit rating agency downgraded on August 2, 2023 the U.S. credit rating from the previous top +AAA to +AA, the second downgrade in history since 2011. The downgrade is due to concerns about the U.S. debt burden and deterioration in the ...
Fitch, one of three major independent agencies that assess creditworthiness, lowered the US credit rating from the top-notch AAA to AA+. "The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years,...
S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to...
Fitch puts US credit rating on downgrade watch Reuters reported on Thursday that President Joe Biden and top Republican lawmaker Kevin McCarthy were edging close to a deal on the debt ceiling but have yet to agree on cuts to discretionary spending, which powers a wide range of military and ...
Experts say an actual downgrade couldshock the global financial systemand threaten the US dollar’s standing as the global reserve currency. What is the purpose of credit rating agencies? Put simply, credit rating agencies provide their opinions and issue a score evaluating the likelihood that a ...
Fitch's rating on the US now stands at "AA+", or one notch below the top "AAA" grade. "The downgrade, the first by a major ratings firm in more than a decade, is evidence that increasingly frequent political skirmishes over the US government's finances are clouding the outlook for t...