Moodys downgraded US credit rating
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Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards
The United States government lost its last AAA credit rating Friday evening with Moody’s Ratings downgrading the country to its
Moody's downgrade of the U.S. sovereign credit rating late Friday appeared to have a modest impact on corporate bond market activity on Monday, as spreads widened slightly and new bond sales started the week softer than expected.
Moody's, a credit rating agency, has downgraded the creditworthiness of the US government, citing high debt and a lack of fiscal responsibility.