Last week, Moody’s — the influential credit ratings agency — downgraded the U.S. credit rating. The U.S. had held the top ‘AAA’ rating since 1949, but now is one notch lower, at AA1.
This means all three of the major credit rating companies of the world — the others being S&P Capital and Fitch — have now all moved the U.S down from the top rating.
For more on what it all means, the role of these companies and what led to this change, host Scott Tong speaks to Mike Regan, senior editor at Bloomberg.
This article was originally published on WBUR.org.
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