Moodys downgraded US credit rating
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Moody’s still has a perfect Aaa rating on Apple’s bonds. Yields for long-term Apple debt are higher than the 10-Year Treasury as well.
Moody’s Investors Service downgraded the U.S. sovereign credit rating from Aaa to Aa1, marking the first time all three major credit rating agencies—Moody’s, S&P, and Fitch—have rated U.S. debt below the top tier.
Yields in the Treasury market are rising, threatening to make it more expensive for consumers and the U.S. to manage debt.
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
Moody’s downgrades the U.S. credit rating for the first time since 1919, citing rising debt. Crypto markets react with Bitcoin and Ethereum slipping as investors weigh broader economic risks.
The US government lost its last triple-A credit score from a major international ratings firm after a downgrade by Moody’s Investors Service on May 16, in a bleak milestone for the world’s largest economy.