Moody's downgrades the United States' rating

Moody's Ratings stripped the US of its top credit rating due to its failure to stem rising debt under several administrations. Credit: Archive

Moody's Ratings has stripped the United States of its top credit rating, downgrading it from AAA to AA1 , due to its failure to stem a rising tide of debt over several administrations, dealing a blow to President Donald Trump's rhetoric about the country's economic strength and prosperity.