US hit with downgrade by major credit rating agency ...News

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US hit with downgrade by major credit rating agency
source : Russia Today ( News ) () 46
Moody’s cites deficits and political polarization as a key reason for the downgrade International credit rating agency Moody’s on Friday changed its outlook on the US from “stable” to “negative,” citing massive fiscal deficits and a notable decline in debt affordability as major reasons for the move. The downgrade follows a similar announcement by fellow credit rating agency Fitch, which raised concerns over the state of US finances and the national debt burden when lowering its rating for the country earlier this year. In its latest outlook, however, Moody’s did affirm the long-term issuer and senior unsecured ra

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