Moody’s Ratings has lowered the national credit rating of the United States to one step, from AAA (the highest possible level) to AA1 (the second highest rank), on the grounds that the growing burden of financing the federal budget deficit and the expensive debt cost in the context of maintenance interest rates is high.

 Although AA1 is still in the best credit rating group, this is the second highest ranking on the Moody’s scale.  However, the lower level can cause the US government bond interest rate to increase.  Specifically, the 10 -year US government bond yield increased by 3 basic points, to 4.48% in the overtime trading session.

 And this is definitely not what President Trump wants.