Because of state debt
Rating agency Moody’s classes USA
Only one of the three leading rating agencies left the USA the top rating as a debtor. But now Moody’s became too high.
The United States has also lost the top grade for the credit rating at the last major rating agency. Third, the Moody’s agency classified its evaluation for a step from AAA to AA1. The trigger is the high public debt. With the step, it could be a little more expensive for the United States to get money on the capital market about government bonds.
Moody’s pulled the rating with the competitors Fitch and S&P, who had gone down to AA+ in their grades from AAA. Fitch had reduced the rating 2023 – S&P in 2011.
Moody’s argued that the gradation goes back to the increase in the state debt and the costs of their waitress over more than a decade. They have become significantly higher than in other countries with the top rating. One recognizes that the United States is economically and financially strong – but this no longer fully regretted the re -step in state finances.
Moody’s has a total of 21 rating levels. The United States initially does not have to expect the agency with a further impact: Moody’s put the outlook on “stable”.
Growing budget deficit expected
The US state budget has an annual deficit of almost two trillion dollars – more than six percent of the gross domestic product. Moody’s assumes that without a course correction for taxes and government expenditure, debt will achieve a share of almost nine percent in economic output in 2035.
US state bonds are one of the few “safe ports” for investors. However, after the announcement of President Donald Trump’s import customs circuit, the return on bonds rose because investors feared negative consequences for the economy and state finances of the United States.
Trump spoke several times that the deficit had to be reduced – and used Tech billionaire Elon Musk as a cost lower in the government apparatus. However, the savings under Musk’s directing missed the promised level. And the tax and output plans currently discussed in the congress threaten to further increase the deficit.
dpa
Source: Stern
