Shane Solly: Harbour Asset Management spokesperson on what Moody's downgrade of US Government debt ratings means
Heather du Plessis-Allan Drive · Newstalk ZB
May 19, 20253m 10s
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Show Notes
Moody's cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similar sovereigns.
The downgrade to 'Aa1' from 'Aaa' follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, according to new data.
Harbour Asset Management's Shane Solly explains further.
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businesspoliticsUSeconomy