Moody= rating agency reduced the US credit rating from the maximum possible AAA to AA1. The forecast for the rating is changed from the “negative” to the “stable”. “Reducing the rating by one step on a 21-level rating scale reflects more than a ten-year growth of public debt and interest-rate payments to levels that significantly exceed countries with a similar rating,” the report said. Moodyʼs also indicated the inability of the White House and Congress to agree on measures to reduce the budget deficit and terminate the growth of expenses for the service of public debt. Moodyʼs was the last of the “big three” rating agencies that deprived the United States of the maximum credit rating. Fitch lowered the US credit rating in 2023, and Standard and Poor]did this back in 2011. In nominal terms, the American public debt is the largest in the world, now it exceeds 34 trillion dollars. The ratio of public debt to GDP, according to the results of 2024, was 123%. The United States canceled the ceiling of the public debt until 2025 – and avoided default, which could happen on June 1. Is everything so bad in the American economy? (Tagstotranslate) News
