Britain has had weeks of turmoil which was reflected in extreme volatility in the British pound and Gilts eventually leading to the resignation of Liz Truss as Prime Minister. Rating service Moody’s has responded by cutting its rating outlook on UK sovereign debt to negative from stable. Moody’s, said the political chaos was at the core of its rerating. Moody’s also said it affirmed the Aa3 rating it has on UK sovereign debt which it said “reflects the UK’s economic … Continue reading “Moody’s Cut UK Credit Rating Outlook to Negative on Political Chaos”
Moody’s issued a report on the U.S Debt structure saying America’s stable credit profile is likely to face downward pressure in the long-term due to “meaningful” fiscal deterioration and a widening Federal budget deficit.