Shane Solly: Harbour Asset Management spokesperson on what Moody's downgrade of US Government debt ratings means - Heather du Plessis-Allan Drive

Moody's cut the US credit rating by one notch, citing rising debt and interest payments that outpace those of similar sovereigns. 

The downgrade to 'Aa1' from 'Aaa' follows a change in the outlook on the sovereign in 2023 due to wider fiscal deficit and higher interest payments, according to new data.

Harbour Asset Management's Shane Solly explains further.

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