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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 Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength.
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 ...
As a percentage of GDP, total federal debt has ballooned from 65% in 2011 to 95%. ... Other rating services did not lower their AAA ratings of US debt in 2011. But Moody’s and Fitch did change ...
Fitch has withdrawn all ratings for Libya because it does not have enough information to maintain coverage of the issuer.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 Mali was given a credit rating in 2004 as part of a UN development initiative, [ 376] but the rating was later withdrawn.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. Mauritania.
July 25, 2011: The bond market is shaken by a single $850 million futures trade betting on US default. July 29, 2011: The Budget Control Act of 2011 S. 627, [154] a Republican bill that immediately raised the debt ceiling by $900 billion and reduced spending by $917 billion, passed in the House on a vote of 218–210.
Congress has suspended the debt ceiling until Jan. 1, 2025, even as worries over rising U.S. debt were fueled earlier this week when the Congressional Budget Office (CBO) forecast a jump in the ...
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.