On Sunday, Treasury Secretary, Scott Payet, declined to reduce the MOODY classification to classify American sovereign credit, saying that President Trump's administration will ensure that economic growth in the United States has surpassed its debts.
“I don't put much credibility in reducing Moody's,” Pisent said on the CNN.
Pesin said that the draft tax cut off in Congress will stimulate the economic growth that will exceed what the nation condemns.
On Friday, Moody's reduced the American credit rating by one, pointing to the high debts and payments that surpassed those classified all -classes, in a move that represents the end of an era where Moody's was the last major agency to maintain a three -dimensional classification of American sovereign debt.
The reduction to “AA1” of “AAA” follows a change in expectations for sovereignty in 2023 due to the broader financial deficit and payment payments, and comes at a time when Congress discusses spending plans that can deepen the American financial hole.
“The successive American departments and Congress failed to agree on measures to reflect the direction of the large annual financial deficit and the costs of increasing benefits,” Moody's said on Friday, because it changed her view of the United States to “stable” from “negativity”.
