Moody's, credit rating
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Moody’s downgrades U.S. credit rating from Aaa to Aa1 over rising debt and political gridlock, ending its last top-tier rating status.
The decision could impact financial markets, raise interest rates, and highlight fiscal challenges for the U.S. government.
U.S. stocks finished near the unchanged mark on Monday with market sentiment weakened by the downgrade of the federal government's perfect sovereign credit rating owing to its huge debt profile.
Gold prices fell Monday as the dollar dropped and safe-haven demand returned after Moody's downgraded the U.S. government's credit rating due to ballooning debt and deficits. Moody's cut the U.S. rating to Aa1 from Aaa,