In a report published on Friday, renowned credit rating agency Moody revised its outlook on the U.S. economic state. The agency announced a US credit rating downgrade, moving it from “stable” to “negative,” intensifying concerns over the nation’s fiscal health.
This move, attributed to significant fiscal deficits and diminishing debt affordability, echoes a similar downgrade by Fitch earlier this year.
The US Credit Rating Downgrade: “Negative”
The U.S. government’s fiscal policies and the increasing political polarization have been key worries for investors. Notably, this has contributed to a sell-off that has pushed government bond prices to their lowest levels in 16…
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