Finance
Moody's downgrades US debt: no agency anymore grants triple A to the world's largest debtor
On May 16, 2025, Moody's downgraded the US debt rating from AAA to Aa1, becoming the last of the big three agencies to do so. The public debt exceeds $36 trillion, the projected deficit for 2026 is 7% of GDP, and Trump's fiscal package could worsen both figures. The market says it doesn't care. Economists say you should care.
·3 min read