Moody's Cuts Outlook on U.S. Credit Rating

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The ratings firm maintained its top rating, for now. S&P and Fitch previoulsy downgraded U.S. credit to AA+.

United States News, United States Headlines

Moody’s Investors Service changed its outlook on the U.S.’s credit rating to negative from stable late Friday. The ratings firm cited the federal deficit as a “key driver” behind the action.

In its ratings action, Moody’s said: “The downside risks to the US’ fiscal strength have increased and may no longer be fully offset by the sovereign’s unique credit strengths.”

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