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NEW YORK: Moody’s has lowered its outlook on the US credit rating to “negative” from “stable” citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism from President Joe Biden’s administration. The move follows a rating downgrade of the sovereign by another rating agency, Fitch, this year, which came after months of political brinkmanship …
Read More »Moody’s turns negative on US credit rating, draws Washington ire
November 12, 2023