Latest / The Investment Perspective, with Ninety One

#29 US approaches crunch point as debt soars
Moody’s, after some deliberation, joined its peers and knocked the US off its AAA perch. Markets seemingly shrugged it off, but it’s not that simple. John Stopford unpacks the implications, including why Trump’s "Big Beautiful Bill" could trigger a Truss-style trauma.
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The skinny
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