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Economy
Moody’s downgrades US government issuer rating
On Friday, Moody’s downgraded the US government’s long-term credit rating from Aaa to Aa1, marking the first time since 1917 that the United States has not held the top rating at any of the three major agencies. This action aligns Moody’s view with previous downgrades by S&P (2011) and Fitch (2023), completing a trilogy of reassessments in response to persistent fiscal concerns.
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