this post was submitted on 17 May 2025

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With Moody's downgrade, US loses treasured Aaa credit rating (www.reuters.com)

submitted 1 month ago by OutForARip@lemmy.ca to c/world@quokk.au

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[–] mutual_ayed@sh.itjust.works 4 points 1 month ago* (last edited 1 month ago)

Oh no, not again!

https://en.m.wikipedia.org/wiki/United_States_federal_government_credit-rating_downgrades

Shit means nothing until countries start selling off their US Dollar stockpiles and quick backing international transactions with the US dollar. The only thing this does is make US bonds and cash reserves cheap.

[–] Zachariah@lemmy.world 3 points 1 month ago