[cityhantam]

https://www.thejakartapost.com/business/...n-ire.html

Moody's turns negative on US credit rating, draws Washington ire

Moody's on Friday changed its outlook on the US credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, drawing immediate criticism from the Biden administration. The move follows a rating downgrade of the sovereign by another ratings agency Fitch earlier this year, which came after months of political brinkmanship around the US debt ceiling. "Continued political polarization within US Congress raises the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability," Moody's said in a statement.

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Top officials in President Joe Biden's administration rejected the move. 

This article was published in thejakartapost.com with the title "Moody's turns negative on US credit rating, draws Washington ire". Click to read: https://www.thejakartapost.com/business/...n-ire.html.


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