Moody's Ratings Downgrade of American Government Credit Rating
Moody's Ratings downgraded the American government's credit rating to Aa1 from Aaa due to a ballooning budget deficit, causing fresh pressure on US assets. Rising Treasury yields could lead to higher debt servicing costs and reduced attractiveness of US equities. Concerns over the dollar's decline, loss of confidence in US policies, and potential negative impact on the economy are also highlighted.