Levitt: Trump Does Not Agree with Moody's Assessment

BlockBeats News, May 19th, White House Press Secretary Levi said that Trump does not agree with Moody's assessment.

Earlier, Moody's downgraded the United States' sovereign credit rating from Aaa to Aa1, with a "stable" outlook. The reason for the downgrade is the continued increase in government debt and interest payment ratio, with the fiscal deficit expected to approach 9% of GDP by 2035. This is Moody's first downgrade of the United States since 1917, causing the United States to lose all AAA top ratings from the three major credit rating agencies.