Moodys downgraded US credit rating
Digest more
U.S. stocks turned mostly higher despite Moody's trimming the US' credit rating. Treasury yields jump as investors demand more payout to hold US debt.
Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards
Even before talk of fresh unfunded tax cuts took center stage in the budget wrangling on Capitol Hill, US bond investors were making their views loud and clear: If the government keeps spending more than it takes in,
Moody's has joined the two other rating agencies in determining that the US is no longer fit to hold a AAA credit score.
The United States government lost its last AAA credit rating Friday evening with Moody’s Ratings downgrading the country to its
The Moody's announcement follows similar actions from Fitch and S&P in recent years and could result in higher borrowing costs.
Moody's cuts the U.S. credit rating to AA+, aligning with S&P and Fitch. Economists say markets remain unfazed, despite rising debt concerns.
3don MSN
Rising deficits and budget chaos finally caught up with the U.S. credit rating Friday when Moody’s Investor Service downgraded the government, stripping its last triple-A rating.