Moody's lowers US outlook to negative - Breaking The News

Moody's lowers US outlook to negative

10 November

1 min read

EPA-EFE/ETIENNE LAURENT

Moody's Investors Service announced on Friday that it is downgrading the ratings outlook on the United States' government from "stable" to "negative."

The agency shared that "in the context of higher interest rates, without effective fiscal policy measures to reduce government spending or increase revenues," risks to the country's fiscal strength are growing.

"Moody's expects that the US' fiscal deficits will remain very large, significantly weakening debt affordability ... Continued political polarization within US Congress raises the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability," the agency added.

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