Asian markets slide as US loses last triple-A credit rating
Monday, 19 May 2025
Asian stock markets experienced a downturn following Moody's downgrade of the U.S. credit rating, citing concerns over rising debt. The downgrade, from Aaa to Aa1, triggered worries about Washington's fiscal health. Treasury Secretary Bessent downplayed the move, while the White House criticized Moody's analysis.
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