According to BlockBeats news, on May 19, White House Press Secretary Levitt stated that Trump disagrees with Moody's assessment. Previously, Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, with the outlook adjusted to "stable." The reason for the downgrade is the continuous rise in government debt and interest payment ratios, with the fiscal deficit expected to approach 9% of GDP by 2035. This is the first time Moody's has downgraded the U.S. rating since 1917, causing the U.S. to lose all AAA top ratings from the three major credit rating agencies.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Trump disagrees with Moody's assessment.
According to BlockBeats news, on May 19, White House Press Secretary Levitt stated that Trump disagrees with Moody's assessment. Previously, Moody's downgraded the U.S. sovereign credit rating from Aaa to Aa1, with the outlook adjusted to "stable." The reason for the downgrade is the continuous rise in government debt and interest payment ratios, with the fiscal deficit expected to approach 9% of GDP by 2035. This is the first time Moody's has downgraded the U.S. rating since 1917, causing the U.S. to lose all AAA top ratings from the three major credit rating agencies.