I’m a United States citizen. Moody gives the US a AA+ credit rating (it was downgraded from AAA in 2011).
How can this be, despite the substantial amount of debt the US holds that only continues to grow?
Is it GDP, defense capabilities, the dollar being the de facto currency almost worldwide? A combination of these? Or is there another huge factor(s) I am missing?
In: 54
Because the USA has been really really good at paying back that debt.
As long as that continues, institutions will always trust that the government will continue to pay its debts and therefore give it a good rating.
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