News with the tag "US Credit Rating"

The second-largest economy in the world has been steadily unloading hundreds of billions of dollars worth of US government-backed securities for more than a decade. New numbers from the U.S. Treasury Department show China’s holdings of Treasury securities have reached a low not witnessed in over 14 ...

The credit agency Moody’s has revised the United States credit outlook to “negative” from “stable” due to concerns over persistent large fiscal deficits and diminishing debt affordability. The announcement follows a previous downgrade by Fitch and reflects ongoing apprehension among investors about ...

Billionaire venture capitalist Chamath Palihapitiya says that the latest downgrade of the country’s credit rating is not a cause for concern. On August 1st, credit-rating agency Fitch downgraded the long-term ratings of the United States from “AAA” to “AA+” with a stable outlook. Palihapitiya says t...