Moody's Changes Outlook On United States' Ratings To Negative, Affirms AAA Ratings; US' Long-term Local- And Foreign-Currency Country Ceilings Remain Unchanged At AAA
Portfolio Pulse from Benzinga Newsdesk
Moody's has revised the outlook on the United States' credit ratings from stable to negative while affirming the AAA ratings. The long-term local- and foreign-currency country ceilings remain unchanged at AAA.
November 10, 2023 | 11:33 pm
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NEGATIVE IMPACT
Moody's outlook change to negative may create uncertainty in the markets, potentially affecting the performance of SPY, which tracks the S&P 500.
As SPY is an ETF that tracks the S&P 500, it is sensitive to changes in the economic outlook of the United States. A negative outlook from Moody's could lead to decreased investor confidence and potential outflows from equity markets, negatively impacting SPY's performance in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80