President Trump Disagrees With Moody’s US Credit Rating Downgrade
In what is a statement of opposition to the decision, US President Donald Trump and his administration have vehemently disagreed with Moody’s decision to downgrade the United States’ credit rating. Indeed, Treasury Secretary Scott Bessent appeared on NBC News’ Meet the Press, where he challenged the rating’s importance.
On Friday, the White House criticized the decision to downgrade the rating, according to Bloomberg. Specifically, the ratings firm cut the sovereign credit rating by a single level to close the week. It had identified concerns with the nation’s $36 trillion debt as the major reasoning behind the decision.
JUST IN:
— Watcher.Guru (@WatcherGuru) May 19, 2025President Trump disagrees with Moody's decision to downgrade the US credit rating.
Also Read: President Trump Ushering In Crypto ‘Golden Age,’ White House Official Says
Trump Administration Challenges Moody’s US Credit Rating Downgrade
It has been a rather overwhelming and often disjointed first 100 days of US President Trump’s return to the White House. He has enacted sweeping tariffs that threatened all trade partners, while he has taken the country a step toward more beneficial trade deals. Yet, he has also brought trillions of dollars’ worth of Middle Eastern investment while drawing the ire of pundits for his acceptance of a $400 million Qatari jet as a gift.
Now, he has targeted one ratings agency that has spooked investors with its most recent outlook. Specifically, President Trump and his administration have expressed a public disagreement with Moody’s recent US credit rating downgrade. The country’s treasury secretary spoke about the administration’s stance on its validity.
Also Read: UAE Commits to 10-Year, $1.4T Investment in US After Trump Meeting
“I think that Moody’s is a lagging indicator,” Bessent told NBC anchors. “I think that’s what everyone thinks of credit agencies.” Indeed, the agency dropped its ratings from an Aaa to an Aa1. Specifically, the move reflected “the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns.”
Bessent assured that the downgrade was not a reflection on Trump’s first 100 days but instead on former President Joe Biden. “We didn’t get here in the past 100 days,” he told NBC. “It’s the Biden administration and the spending that we have seen over the past four years.”
In all fairness, the US national debt has been an issue spanning across a myriad of presidents. Reaching a height of $36 trillion, it started to increase notably in the 1980s. Moreover, the issue was exacerbated through both the initial Trump presidency and Biden’s time in office.
Read More
JPMorgan to Allow Clients to Buy Bitcoin, CEO Confirms
President Trump Disagrees With Moody’s US Credit Rating Downgrade
In what is a statement of opposition to the decision, US President Donald Trump and his administration have vehemently disagreed with Moody’s decision to downgrade the United States’ credit rating. Indeed, Treasury Secretary Scott Bessent appeared on NBC News’ Meet the Press, where he challenged the rating’s importance.
On Friday, the White House criticized the decision to downgrade the rating, according to Bloomberg. Specifically, the ratings firm cut the sovereign credit rating by a single level to close the week. It had identified concerns with the nation’s $36 trillion debt as the major reasoning behind the decision.
JUST IN:
— Watcher.Guru (@WatcherGuru) May 19, 2025
Also Read: President Trump Ushering In Crypto ‘Golden Age,’ White House Official Says
Trump Administration Challenges Moody’s US Credit Rating Downgrade
It has been a rather overwhelming and often disjointed first 100 days of US President Trump’s return to the White House. He has enacted sweeping tariffs that threatened all trade partners, while he has taken the country a step toward more beneficial trade deals. Yet, he has also brought trillions of dollars’ worth of Middle Eastern investment while drawing the ire of pundits for his acceptance of a $400 million Qatari jet as a gift.
Now, he has targeted one ratings agency that has spooked investors with its most recent outlook. Specifically, President Trump and his administration have expressed a public disagreement with Moody’s recent US credit rating downgrade. The country’s treasury secretary spoke about the administration’s stance on its validity.
Also Read: UAE Commits to 10-Year, $1.4T Investment in US After Trump Meeting
“I think that Moody’s is a lagging indicator,” Bessent told NBC anchors. “I think that’s what everyone thinks of credit agencies.” Indeed, the agency dropped its ratings from an Aaa to an Aa1. Specifically, the move reflected “the increase over more than a decade in government debt and interest payment ratios to levels that are significantly higher than similarly rated sovereigns.”
Bessent assured that the downgrade was not a reflection on Trump’s first 100 days but instead on former President Joe Biden. “We didn’t get here in the past 100 days,” he told NBC. “It’s the Biden administration and the spending that we have seen over the past four years.”
In all fairness, the US national debt has been an issue spanning across a myriad of presidents. Reaching a height of $36 trillion, it started to increase notably in the 1980s. Moreover, the issue was exacerbated through both the initial Trump presidency and Biden’s time in office.
Read More