Moody’s Downgrades US Credit Rating to Aa1, Raising Concerns About National Debt

The U.S. has lost its top credit rating from Moody’s, dropping to Aa1 after years of widening budget deficits and rising interest costs. The agency noted that government spending consistently exceeds revenue, leading to a significant need for borrowing and higher long-term interest rates. This follows similar downgrades by Fitch Ratings and S&P Global Ratings in recent years.