Today’s announcement by Moody’s that it will probably strip America of its AAA credit rating is not “new news” and shouldn’t cause any major waves in the bond market. The US fiscal position has been on a perilous trajectory for some years and S&P downgraded America’s credit rating last year. Nevertheless, the US can still borrow at historically cheap rates.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services