Gabor Gurbacs
Gabor Gurbacs|May 17, 2025 15:05
Moody’s downgraded the U.S. from Aaa to Aa1, citing increasing debt and weaker fiscal metrics. This is the same Moody’s that gave Aaa ratings to sub-prime mortgage-backed securities that led to the 07-08 financial crisis. At least people will learn about ratings agencies.
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