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Moody's Ratings has downgraded the U.S. government's credit rating from Aaa to Aa1, citing concerns over rising debt and persistent deficits. This decision makes Moody's the final major agency to lower the U.S. rating, following similar moves by Standard & Poor's and Fitch. Political gridlock and increasing interest payments contribute to the bleak outlook.
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Moody's said successive US administrations had failed to reverse ballooning deficits and interest costs.
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Moodys Ratings stripped the U.S. government of its top credit rating Friday, citing successive governments failure to stop a rising tide of debt.
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News and Media
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