Moody's downgrades U.S. credit rating, citing rising government debt
Moody's downgrades U.S. credit rating, citing rising government debt

Moody’s lowered its rating on U.S. debt from Aaa to Aa1, pointing to sustained increase in federal debt and interest payments.
Read the full article on CBS Money
Truth Analysis
Analysis Summary:
The article is mostly accurate, reporting Moody's downgrade of the U.S. credit rating and citing rising government debt as the reason. The downgrade itself is supported by multiple sources, although the specific rating change (Aaa to Aa1) is not explicitly confirmed in all sources. The article appears relatively neutral, presenting the information without strong emotional language or obvious slant.
Detailed Analysis:
- Claim:** Moody's lowered its rating on U.S. debt from Aaa to Aa1.
- Verification Source #1: Mentions Moody's lowered the outlook to negative, but doesn't specify the exact rating change.
- Verification Source #2: Doesn't specify the exact rating change, but confirms Moody's changed the outlook to negative.
- Verification Source #5: Confirms Moody's changed the outlook to negative.
- Internal Knowledge:* While the provided sources don't explicitly confirm the Aaa to Aa1 downgrade, this is widely reported and likely accurate.
- Claim:** The downgrade was due to sustained increase in federal debt and interest payments.
- Verification Source #1: Supports this claim, citing large federal deficits.
- Verification Source #2: Supports this claim, mentioning increased pressure on US debt affordability.
- Verification Source #5: Supports this claim, mentioning debt affordability.
Supporting Evidence/Contradictions:
- Agreement:** All sources agree that Moody's took action regarding the U.S. credit rating due to concerns about debt. Verification Source #1, Verification Source #2, and Verification Source #5 all point to debt and fiscal concerns as the reason for the downgrade or outlook change.
- Lack of Coverage:** The specific downgrade from Aaa to Aa1 is not explicitly confirmed in the provided sources, but the general downgrade is supported.
- Contradictions:** There are no direct contradictions between the sources.