Moody's downgrades US credit, citing rising debt

Victoria Guida

Fri, May 16, 2025, 2:08 PM

Moody’s Ratings Service connected Friday announced that it is downgrading the U.S.’s creditworthiness successful effect to an summation successful authorities indebtedness implicit the past decennary and rising involvement payments.

“We expect national deficits to widen, reaching astir 9 percent of GDP by 2035, up from 6.4 percent successful 2024, driven chiefly by accrued involvement payments connected debt, rising entitlement spending, and comparatively debased gross generation,” the steadfast said.