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Moody’s has downgraded the US credit rating for the first time, citing rising debt and political dysfunction. Here’s what the move means for your wallet, interest rates, and the broader economy.

Someone with prime credit may not have a perfect credit score, but it's high enough to qualify for the best, or "prime," interest rates.. For this reason, prime borrowers are likely to get ...

In mid-May, the credit rating agency Moody's Ratings downgraded the U.S. credit rating by one notch, "from Aaa, the highest rating, to Aa1," said NerdWallet.

That’s exactly what happened on May 16, when global credit rating and financial services company Moody’s Ratings cut America’s credit rating. Find out what this means for retirees below ...

Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations. Learn how it works.

Years of rising deficits and budget chaos finally caught up with the U.S. credit rating Friday when Moody’s Investor Service downgraded the government, stripping its last triple-A rating.

With the downgrade, Moody's joins the other two major credit rating agencies—Fitch and S&P—that withdrew the U.S.'s perfect rating in 2023 and 2011, respectively.

Each insurer has its own definitions of “good” and “poor” credit, but they’re generally in line with traditional credit score ranges. A good credit score typically falls between 690 and ...

The second most important detail of a healthy credit score is “credit utilization,” making up 30% of your score. This is the amount you owe compared to the amount of available credit you have.

Moody's Ratings became the third and final credit rating to downgrade the U.S. government's debt from its top rating by one notch from Aaa to Aa1. Read More: 12 Best Safe Investments To Grow Your ...