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White House chides Moody’s downgrade to US credit rating

The White House on Friday (Saturday AEST) assailed a decision by Moody’s Ratings to lower the US credit rating, casting it as a political decision.

Steven Cheung, a spokesman for President Donald Trump, singled out Mark Zandi, an economist for Moody’s Analytics, in a post on X, accusing him of being a long-time critic of the administration’s policies.

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    Original URL: https://www.afr.com/markets/debt-markets/moody-s-cuts-us-credit-rating-to-aa1-citing-debt-interest-costs-20250517-p5lzze