Moody's Says Will Downgrade US AAA If June 15 Debt Payment Missed
Portfolio Pulse from Bill Haddad
Moody's warns it will downgrade the US AAA credit rating if the June 15 debt payment is missed, potentially impacting the stock market and ETFs like SPY.
May 26, 2023 | 5:06 pm
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NEGATIVE IMPACT
A potential US credit rating downgrade by Moody's may negatively impact the stock market and ETFs like SPY in the short term.
A credit rating downgrade for the US would signal increased risk and uncertainty, which could lead to a decline in investor confidence and a negative impact on the stock market. As SPY is an ETF that tracks the S&P 500, it would likely be affected by these market fluctuations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 50