The head of the US Treasury did not agree with Moody’s rating forecast
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US Treasury Secretary Janet Yellen did not agree with the decision of the rating agency Moody’s to downgrade the US rating outlook from stable to negative. About it reports Reuters.
“This is a decision with which I do not agree,” she said at a press conference following a meeting of heads and representatives of financial departments of the Asia-Pacific Economic Cooperation (APEC) countries in San Francisco.
Yellen emphasized that the underlying indicators of the American economy are showing positive dynamics. In addition, US President Joe Biden’s administration is committed to a “credible and sustainable fiscal path,” she said.
11 November Moody’s lowered US credit rating outlook from stable to negative. The reason was the budget deficit and reduced debt availability. The agency also pointed to “continued political polarization” in the US Congress, which increases the risk that the authorities will not be able to reach agreement on the adoption of the budget plan.
August 1, rating agency Fitch lowered US long-term rating from AAA to AA+. The agency noted that the downgrade reflects an expected worsening of the financial position over the next three years, a high and growing debt burden and weakening governance, reflected in controversy over the debt limit and last-minute decisions. American indices reacted with a decline. S&P downgraded the country’s rating to AA+ back in 2011.
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