US Credit Rating Announced!

The credit rating of the USA was announced. In the statement made by the international credit rating agency Moody’s, it was stated that the credit rating of the USA is “Aaa” and the outlook is “stable”. In the statement made by Moody’s, it was stated that the exceptional economic power of the USA, its institutional robustness, and the unique and central role of the US bond market in the global financial system support the confirmed credit rating. The coronavirus epidemic, which emerged in Wuhan, China, and spread to more than 200 countries, caused a severe blow to the global economy as well as the healthcare system. Emphasizing that the coronavirus epidemic caused unprecedented troubles in the US economy, Moody’s pointed out that the epidemic increased the deterioration rate of the government's financial position. Following the announcement, it is stated that the US economy will recover over time and its credit profile will continue to be resistant to shocks. In the statement made by the international credit rating agency Moody’s, the reasons for the confirmation of the credit rating outlook as 'stable' were explained. In this justification, it was emphasized that the status of the dollar, the leading international reserve currency, and the size and depth of the US bond market, as well as the diversity, dynamism, and competitiveness of the country's economy, will continue to balance the increasing financial pressures.