Moody's cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similar sovereigns. 

The downgrade to 'Aa1' from 'Aaa' follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, according to new data.

Harbour Asset Management's Shane Solly explains further.

LISTEN ABOVE

Moody's cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similar sovereigns.&nbsp;
The downgrade to 'Aa1' from 'Aaa' follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, according to new data.
Harbour Asset Management's Shane Solly explains further.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Shane Solly: Harbour Asset Management spokesperson on what Moody's downgrade of US Government debt ratings means

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/4ef2c8f7-3b05-4e7a-9f93-b2e200886fa8/transcript