Financial ratings firm Moody’s Ratings downgraded the U.S. government’s credit ratings Friday, citing its rising debt and interest in a move that underscores a ballooning federal budget deficit, making it the last of the big three firms to downgrade the government’s credit.

Moody’s Ratings has joined Fitch Ratings and S&P Global Ratings as the last credit agencies to downgrade the U.S. economy, the world’s largest. The agency cited the country’s

Moody’s still has a perfect Aaa rating on Apple’s bonds. Yields for long-term Apple debt are higher than the 10-Year Treasury as well.

All three major U.S. stock market indexes rose Monday afternoon, following an earlier selloff sparked by long-dated Treasury yields surpassing the 5% mark after the financial ratings agency Moody’s downgraded the U.

Changes to the country’s credit rating impact interest consumers pay on household debt like mortgages, car loans and credit cards

Royal Caribbean Cruises Ltd. regained its investment-grade status on Monday after Moody’s Ratings upgraded the global cruise operator’s credit rating on a strong demand outlook and better credit metrics.

Moody's had investment grade rating on U.S. debt, ahead of the 2008 global financial crisis, current downgrade "not shocking," says expert.

House Speaker Mike Johnson comments on Moody's downgrading the U.S. government's credit rating during an interview on "FOX News Sunday." SHANNON BREAM, FOX NEWS: All right, quickly, I want to ask you about Moody's on Friday.