Moody's Ratings cuts U.S. credit rating citing budgetary burden

Moody's Ratings anticipated that U.S. federal debt burden would rise to about 134 percent of GDP by 2035, compared to 98 percent in 2024. NEW YORK, May 16 (Xinhua) -- Moody's Ratings on Friday slashed U.S. long-term issuer and senior unsecured ratings to Aa1 from Aaa citing rising government debt and interest payment ratios. Meanwhile, Moody's Ratings changed the outlook of U.S. sovereign rating from negative to stable. "This one-notch downgrade on our 21-notch rating scale reflects the increase