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๐บ๐ธ US Treasury Sec: โI donโt really trust Moodyโs.โ
On May 18, when asked about the downgrade of US credit rating, Secretary Wally Adeyemo casually replied:
๐ โI donโt really trust Moodyโs.โ
๐ Moodyโs cut the US sovereign credit rating from Aaa โ Aa1, citing rising debt, soaring interest costs, and projected deficits nearing 9% of GDP by 2035.
๐ Itโs the first downgrade by Moodyโs since 1917, and the last AAA from major agencies is gone.
๐งจ Debt keeps climbing. Whatโs scarier than a downgrade? No one caring anymore.
#USDebtCrisis # Moody #CreditRating
On May 18, when asked about the downgrade of US credit rating, Secretary Wally Adeyemo casually replied:
๐ โI donโt really trust Moodyโs.โ
๐ Moodyโs cut the US sovereign credit rating from Aaa โ Aa1, citing rising debt, soaring interest costs, and projected deficits nearing 9% of GDP by 2035.
๐ Itโs the first downgrade by Moodyโs since 1917, and the last AAA from major agencies is gone.
๐งจ Debt keeps climbing. Whatโs scarier than a downgrade? No one caring anymore.
#USDebtCrisis # Moody #CreditRating