Moody's, US debt
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Al Jazeera on MSNThe US has $36 trillion in debt. What does that mean, and who owns it?The bill extends Trump’s 2017 tax cuts and may add up to $5 trillion to the national debt, deepening worries after a recent US credit ratings downgrade by Moody’s on Friday, which cited concerns about the nation’s growing $36 trillion debt.
Without substantive corrective fiscal measures, the US general government debt ratio will reach 133% of GDP by 2030, exceeding Scope forecasts for France (122%) and the UK (111%).
Having debt is important in times of crises, but if investors think it’s too risky to lend money to a country, interest rates can go up.
Moody's had investment grade rating on U.S. debt, ahead of the 2008 global financial crisis, current downgrade "not shocking," says expert.
Wall Street is on edge about American investments again after receiving a significant warning about the safest of all safe havens: US debt.
Moody's Ratings (NYSE:MCO) has downgraded the U.S. government's long-term issuer and senior unsecured ratings to Aa1 from Aaa due to a combination of skyrocketing debt and high interest payment ratios.
Covid debt levels, making it harder to secure growth finance, according to a report by marketplace lender Funding Xchange.