Stock markets drop after US credit rating downgraded by Moody’s – business live

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Stock markets drop after US credit rating downgraded by Moody’s – business live - short news

Rolling coverage of the latest economic and financial news

US credit rating downgrade could add to pressure on government debt

Mohit Kumar of investment bank Jefferies predicts Moody’s downgrade will only have a “limited near term impact” on the markets, explaining:

For one, Moody’s was already above its peers from S&P and Fitch and the rating downgrade brings it in line with the other rating agencies.

Second, the move was not totally unexpected. We have been in..

source: The Guardian - 19.05.2025

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Rolling coverage of the latest economic and financial news

US credit rating downgrade could add to pressure on government debt

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