The Impact of Credit Ratings Agencies on the US Economy.
TL;DR Summary
The "big three" credit rating agencies - Moody's, S&P, and Fitch Ratings - hold immense power to determine the creditworthiness of companies, state governments, and even entire nations. The United States is one of the countries with the highest-rated debt in the world, holding a top-ranked AAA from Fitch and Aaa from Moody’s. The US is ranked AA+ by S&P, which downgraded the country in 2011 during another debt ceiling fight in Washington. A downgrade could shock the global financial system and threaten the US dollar’s standing as the global reserve currency.
- Credit ratings agencies like Moody’s decide the US credit rating. Here’s what you need to know about them CNN
- Debt limit fight puts US on credit watch The Hill
- U.S. Credit Rating Could Face Another Downgrade Barron's
- US mortgage giants were placed on credit watch. Here’s what that means for home buyers CNN
- A U.S. Default Is Unlikely, But So Is An Oil Rally OilPrice.com
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