Moody’s Lowers U.S. Credit Rating
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Moody’s still has a perfect Aaa rating on Apple’s bonds. Yields for long-term Apple debt are higher than the 10-Year Treasury as well.
Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards
Royal Caribbean Cruises Ltd. regained its investment-grade status on Monday after Moody’s Ratings upgraded the global cruise operator’s credit rating on a strong demand outlook and better credit metrics.
Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.
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Moody's had investment grade rating on U.S. debt, ahead of the 2008 global financial crisis, current downgrade "not shocking," says expert.
House Speaker Mike Johnson comments on Moody's downgrading the U.S. government's credit rating during an interview on "FOX News Sunday." SHANNON BREAM, FOX NEWS: All right, quickly, I want to ask you about Moody's on Friday.
The S&P 500 and Nasdaq are pointing down in premarket trading. Treasury yields are up, dollar is falling, Bitcoin is slipping.
The dollar extended its losses to reach a 10-day low against a basket of currencies following the Moody’s downgrade.