Photo: finance.yahoo.com
US Credit Rating Cut Amid Concerns Over Governance and Public Finances
European ratings agency Scope downgraded the Credit rating of the United States from AA to AA-, highlighting concerns over public finance and governance under Donald Trump.
- On Friday, Scope reduced the Credit rating of the United States from AA to AA-, citing a sustained deterioration in public finances and governance issues.
- The downgrade reflects increasing debt levels and persistent budget deficits that challenge the economic stability of the Federal government of the United States.
- Despite the downgrade, the outlook for the United States improved from negative to stable, indicating some resilience in the economy which is measured by gross domestic product.
Por Qué Es Relevante
This downgrade may impact the cost of borrowing for the Federal government of the United States, influencing interest rates and economic policy decisions. It signals a potential decline in sovereignty and fiscal credibility, which could affect international investor confidence.