Shane Solly: Harbour Asset Management spokesperson on what Moody's downgrade of US Government debt ratings means
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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