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Moody's Pushes U.S. Out Of Elite 'AAA' Credit Club, Citing Rising Debt
(Reuters) - Moody’s on Friday cut the U.S. 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 Moody’s was the last major agency to maintain a triple-A rating for U.S. sovereign debt.
The dollar edged lower and US equity futures slipped in early trading Monday as fiscal concerns mounted over Treasuries and the trajectory of US borrowing.
White House communications director Steven Cheung criticized Moody's choice to downgrade the U.S. sovereign credit rating due ...
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