America’s Debt Drove the Cut Moody’s Ratings operates on a 21-notch rating scale and previously, America had been at the highest notch (Aaa), but has now been cut down one notch to Aa1, per CNBC.

Brian Moynihan, CEO of Bank of America, also discussed whether he sees any validity in concerns about the end of American exceptionalism.

U.S. bank stocks drew retail attention on Monday after Moody’s downgraded the long-term deposit ratings of Bank of America (BAC), Wells Fargo (WFC), and JPMorgan Chase & Co. (JPM) on concerns ...

This is not the first time America’s credit rating has been lowered. Standard & Poor’s issued a similar downgrade in April 2011, while Fitch lowered its rating in August 2023.

Moody’s recent downgrade of U.S. Treasury debt makes it unanimous. Earlier this month, it joined Standard & Poor’s, which issued its downgrade way back in 2011, and Fitch, which followed in 2023. All ...

America's Credit Is Falling—and the Government Is Still Digging Deeper Into Debt The lesson from the Moody's credit downgrade is that the U.S. cannot borrow its way to prosperity.

The recent downgrading of America’s credit rating ironically confirms that President Donald Trump is on the right economic track. Moody’s recently became the last of the three major credit ...

That’s exactly what happened on May 16, when global credit rating and financial services company Moody’s Ratings cut America’s credit rating. Find out what this means for retirees below.

Brian Moynihan, CEO of Bank of America, also discussed whether he sees any validity in concerns about the end of American exceptionalism. Fed Chair Powell Weighs in on Potential July Rate Cut ...

“Moody’s downgrade of the U.S. credit rating from Aaa to Aa1 will directly increase borrowing costs for American consumers,” said David Johnson, a financial expert and CEO of Vervent.