Scope Ratings Downgrades US Credit Rating to AA- Amid Fiscal Deterioration
Scope Ratings has downgraded the US credit rating to AA-, citing worsening public finances and eroding governance standards. The Berlin-based agency, one of five used by the European Central Bank for collateral valuation, first flagged concerns with a negative outlook in 2023.
The MOVE follows Moody's May downgrade to Aa1, stripping the US of its last top-tier rating among major agencies. Fiscal deterioration now outweighs the nation's economic strengths, according to Moody's analysis. The International Monetary Fund projects US gross debt will reach 140% of GDP.