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The 2011 S&P downgrade was the first time the US federal government was given a rating below AAA. S&P had announced a negative outlook on the AAA rating in April 2011. The downgrade to AA+ occurred four days after the 112th United States Congress voted to raise the debt ceiling of the federal government by means of the Budget Control Act of 2011 on August 2, 2011.
Moody’s on Monday evening downgraded 10 US banks and put the credit ratings of six others on review, ... Americans’ credit card debt hits a record $1 trillion. ... The Today Show.
The credit rating agency Moody’s Investors Service lowered its outlook on the U.S. government's debt on Friday to “negative” from “stable,” citing the cost of rising interest rates and ...
Moody's on Friday lowered its outlook on the U.S. credit rating to "negative" from "stable" citing large fiscal deficits and a decline in debt affordability, a move that drew immediate criticism ...
Kiribati. Liberia. Libya. Fitch has withdrawn all ratings for Libya because it does not have enough information to maintain coverage of the issuer. [ 375] Malawi. Mali. Mali was given a credit rating in 2004 as part of a UN development initiative, [ 376] but the rating was later withdrawn. [ 377] Marshall Islands.
In August 2011, S&P downgraded the long-held triple-A rating of US securities. On August 1st, 2023, Fitch downgraded its credit-rating of United States Treasuries from AAA to AA+, as S&P had twelve years earlier, leaving only Moody's to still assign its highest rating to the country's debt.
Moody's cut the ratings of 10 banks by one notch and placed six banking giants, including Bank of New York Mellon, US Bancorp, State Street and Truist Financial on review for potential downgrades.
A potential debt ceiling standoff in the United States next year could be one of the worst since the 2011 crisis, which may trigger another sovereign credit rating downgrade, said Gennadiy ...