Moody's strips US govt of top credit rating

Moody’s Ratings has stripped the United States government of its top-tier credit rating, downgrading it from Aaa to Aal, citing chronic fiscal mismanagement and the federal government’s inability to curb rising debt levels.

- 

Though the downgrade ends the U.S.'s last remaining gold-standard rating among the three major agenciesStandard & Poor’s downgraded the U.S. in 2011 and Fitch followed in 2023-Moody's acknowledged America’s enduring economic strengths, including the size and resilience of its economy and the global dominance of the U.S. d