Moodys downgraded US credit rating
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The U.S. lost its top credit rating from Moody’s over the weekend, but 11 other countries still have it. Those countries are Australia, Canada, Denmark, Germany, Luxembourg, Netherlands, New Zealand,
Years of rising deficits and budget chaos finally caught up with the U.S. credit rating Friday when Moody’s Investor Service downgraded the government, stripping its last triple-A rating.
Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards
A new report finds a direct link to foreclosures from climate change and suggests as lenders factor that risk into underwriting, it could alter credit scores.
Despite Friday's U.S. credit-rating downgrade, fiscal concerns are unlikely to drive markets for very long. Yes, investors are more worried about the federal government’s borrowing than usual. The tra
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In a separate interview on Fox Business Network’s “Mornings with Maria” on Monday, Hassett called U.S. debt “the safest bet on Earth,” but similarly said that the new rating is “backward looking” and is “penalizing us for all the reckless spending of the Biden administration” — all while predicting an economic “liftoff.”
Moody's stripped the US of its top credit rating, reinforcing Wall Street's concerns over a ballooning budget deficit. The move also sending ripples through corporate America as refinancing costs increase.
As federal student loan servicers once again report delinquent accounts to credit bureaus, borrowers feel the impact and struggle to get back in good standing.