US loses last perfect credit rating amid rising debt

Quick Summary:

Moody's said successive US administrations had failed to reverse ballooning deficits and interest costs.

Moody's warned in 2023 the US triple-A rating was at risk.

Figures showed the US economy shrank in the first three months of the year as government spending fell and imports surged due to firms racing to get goods into the country ahead of tariffs.

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Article Details

Category: Business

Markets: United Kingdom

Topics: House Ratings Perfect Last Rating Credit Firm Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 01:02:40 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 28877527

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 11 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

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Publication Timezone: GMT +0:00

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Publisher ID: #43

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