Scott Bessent calls Moody’s a ‘lagging indicator’ after U.S. credit downgrade

Treasury Secretary Scott Bessent appears before the House Financial Services Committee on May 7, 2025 in Washington, DC. Treasury Secretary Scott Bessent said in an interview on NBC News’ “Meet the Press” that Moody’s Ratings were a “lagging indicator” after the group downgraded the U.S.’ credit rating by a notch from the highest level. “I think that Moody’s is a lagging indicator,” Bessent said Sunday. “I think that’s what everyone thinks of credit agencies.” Moody’s said last week that the downgrade from Aaa to Aa1 “reflects the increase over more than a decade in government debt and interest payment ratios…