US credit rating downgraded due to growing deficit, impacting Wall Street with rising refinancing costs

From Yahoo Finance: 2025-05-19 11:56:00

Moody’s downgraded the US credit rating due to a growing budget deficit, causing concern among investors. Steve Zelin, a restructuring expert, discussed the implications on Wall Street Beat. Refinancing costs for corporations are expected to rise as a result.



Read more at Yahoo Finance: As the US Credit Rating Falls, Bankruptcy Fears Grow