America loses last AAA credit rating: What happened and what it means

Quick Summary:

Moody’s, which had held a perfect credit score for the US since 1917, has now lowered its rating to AA1.

According to the Committee for a Responsible Federal Budget, the bill would add $3.3 trillion to the national debt over the next decade.

The downgrade signals a warning to investors and could increase borrowing costs for Americans already grappling with high inflation and persistent tariffs, CNN reported.

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Category: BusinessFinance

Markets: IndiaIsraelUnited States

Topics: Interest payments Federal deficit Donald Trump AAA downgrade Moodys One Big Beautiful Bill US Treasury yields Fitch Ratings US debt US credit rating Biden administration

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 09:23:09 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28757443

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 108 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

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News Language: English

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Publisher ID: #49

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