Moody’s cuts U.S. credit rating on growing debt burden

Moody’s Ratings cut its credit rating on the United States by one notch on Friday, citing an increase in government debt and interest payment ratios.Why it matters: The Moody’s downgrade to Aa1 removes the U.S. government’s last remaining triple-A credit rating, diminishing its status as the world’s highest-quality sovereign borrower.What they’re saying: “This one-notch downgradeContinue Reading