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Moody’s strips US of AAA credit rating, citing failure to rein in debt

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Moody’s strips US of AAA credit rating, citing failure to rein in debt - SCMP

Quick Summary:

In response, the White House adopted an aggressive tone towards the agency, singling out its economist, Mark Zandi, for criticism.

Extending Trump’s 2017 tax cuts, a priority of the Republican-controlled Congress, Moody’s said, would add US$4 trillion over the next decade to the federal primary deficit (which does not include interest payments).

He has been proven wrong time and time again.

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Moody’s strips US of AAA credit rating, citing failure to rein in debt - SCMP (Picture 1)

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Article Details

Author / Journalist: Associated Press

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 05:12:31 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 228 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © SCMP

News ID: 28773209

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About SCMP

SCMP Logo

Main Topics: Business

Official Website: scmp.com

Update Frequency: 5 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 6 hours ago

Coverage Areas: Hong Kong

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #42

Publisher Details

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The story "Moody’s strips US of AAA credit rating, citing failure to rein in debt" has 228 words across 9 sentences, which will take approximately 1 - 2 minutes for the average person to read.

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The story "Moody’s strips US of AAA credit rating, citing failure to rein in debt" was covered 1 days ago by SCMP, a news publisher based in Hong Kong.

How trustworthy is 'SCMP' news outlet?

SCMP is a fully independent (privately-owned) news outlet established in 1903 that covers mostly business news.

The outlet is headquartered in Hong Kong and publishes an average of 5 news stories per day.

It's most recent story was published 6 hours ago.

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  • News ID: #28773209
  • URL: https://hazlitt.beamstart.com/news/moodys-strips-us-of-aaa-17475460697898

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