Moody's downgrades US credit rating, citing rising debt

穆迪下调美国信用评级,称债务上升

Business Matters

商务

2025-05-17

49 分钟
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The credit rating agency Moody’s has stripped the United States of its triple-A credit rating, warning investors about rising levels of government debt and a widening budget deficit. The agency has shifted the US rating down one notch to AA1, while changing its outlook from negative to stable. Novo Nordisk, the company that makes the weight loss drugs Ozempic and Wegovy, is abruptly ousting its chief executive, Lars Fruergaard Jørgensen, over concerns the firm is losing ground in the popular weight-loss drug market. Consumer boycotts of countries and companies are on the rise, with the latest being an Indian tourism boycott of Turkey and Azerbaijan. This comes as some Canadians boycott the US, while others refuse to buy from some specific companies over their policies. We will be joined throughout the programme by Rahul Tandon is joined by two guests on opposite sides of the world: Lori Ann Larocco, senior editor at CNBC Business News in the US, and Peter Ryan, ABC's senior business correspondent in Australia.
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  • Hello and welcome to Business Matters here on the BBC World Service with me, Rahul Tandon.

  • Coming up on the programme, we're going to be talking about Novo Nordisk.

  • It was at one point Europe's most valuable company.

  • It is not anymore and that's led to its CEO being given the boot.

  • Why are so many consumers now boycotting products from different countries?

  • Does, though, do those boycotts even work?

  • We will be finding out on the programme to help us answer those questions.

  • We're joined by two guests, as always.

  • We have Lorianne LaRocco from CNBC, who is with us.

  • And, Lorianne,

  • I've been thinking about you quite a lot recently because I remember that book you wrote.

  • What was it called?

  • Trade War?

  • Containers Don't Lie.

  • Yeah, you were ahead of your time, though, weren't you?

  • You know, I am one tired puppy.

  • So it's...

  • You know, I mean, the book still stands.

  • Like someone's like, are you writing another one?

  • I'm like, it still exists.