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Global markets tumble as Moody’s downgrades US credit rating amid rising debt concerns

IndiaTimes Monday, 19 May 2025
Global stock markets faced a downturn after Moody's Ratings downgraded the United States' credit rating. This news impacted US futures and the dollar. European and Asian markets also experienced declines. China's economic data revealed slower growth in retail sales and industrial output. Oil prices weakened. This sell-off occurred after a strong week on Wall Street.
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Video Credit: Oneindia - Published
News video: Moody’s Drops BOMBSHELL | Downgrades US Credit Rating Citing Debt Crisis And… | Washington

Moody’s Drops BOMBSHELL | Downgrades US Credit Rating Citing Debt Crisis And… | Washington 03:14

 Moody’s has downgraded the U.S. government’s credit rating from Aaa to Aa1, citing a worsening debt trajectory and political paralysis in Washington. The move follows similar downgrades by Standard & Poor’s in 2011 and Fitch in 2023. Moody’s warned that deficits could reach 9% of GDP by 2035,...

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