Moody’s Lowers U.S. Credit Outlook

“Moody’s on Friday offered a sharp rebuke of political dysfunction in the United States, with the credit-rating agency changing its outlook for U.S. sovereign debt to negative from stable and warning that ‘continued political polarization’ in Congress threatens the country’s fiscal strength,” the Washington Post reports.

“The agency, though, left the nation’s AAA credit score intact for now, keeping it as the last of the big three ratings firms to maintain the United States at the top mark. Fitch downgraded the United States’ long-term credit rating in August, following Standard & Poor’s, which did so in 2011 after a debt ceiling standoff in Congress.”