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White House criticises Moody's downgrade to US credit rating

Josh Wingrove and Skylar Woodhouse / Bloomberg
Josh Wingrove and Skylar Woodhouse / Bloomberg • 3 min read
White House criticises Moody's downgrade to US credit rating
Trump's spokesman Steven Cheung singled out Mark Zandi, an economist for Moody’s Analytics, a separate group from Moody's Ratings / Photo: Bloomberg
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The White House on Friday assailed a decision by Moody’s Ratings to lower the US credit rating, casting it as a political decision.

Steven Cheung, a spokesman for President Donald Trump, singled out Mark Zandi, an economist for Moody’s Analytics, in a post on X, accusing him of being a long-time critic of the administration’s policies.

“Nobody takes his ‘analysis’ seriously. He has been proven wrong time and time again,” Cheung said. Moody’s Ratings is a separate group from Moody’s Analytics. Zandi did not immediately reply to a request for comment on Friday evening.

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