Moody’s downgrades U.S. credit rating
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An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.
The US is no longer a triple-A sovereign credit, but top banks think investors are focused on other market narratives, with volatility to be short-lived.
Moody’s on Friday cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similarly rated sovereigns, in a move that marks the end of an era as ...