The group of governments whose bonds get the highest ranking just got smaller, after the United States lost its last triple-A credit rating from Moody’s.
The agency on Friday downgraded the US rating by a notch to “Aa1” from “Aaa”, citing rising debt and interest, and reflecting increased concern about rising debt in big economies.
Here’s a look at what’s at stake.
1/ What is a triple-A rating and why
