Explainer: Moody’s latest views on the US government: The last triple-A standing
August 4, 2023 | Davide Barbuscia | Reuters
Moody’s remains the last of the three major credit rating agencies to maintain a top rating for the United States, after Fitch cut the sovereign rating earlier this week and Standard & Poor’s lowered it in 2011.
Fitch’s downgrade of the United States to AA+ from AAA caused volatility in stock markets and highlighted some investor concerns over the country’s financial health, but many said the impact on U.S. debt trading was minimal.
After the downgrade, the U.S. ranks lower than Australia, Canada and some European countries, according to Fitch.
