Treasury Secretary Scott Bessent downplayed the U.S. credit downgrade as a "lagging indicator" of economic and fiscal conditions, after Moody's took the U.S. off its top tier.

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.

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

Stocks slumped at the open of trading on Monday after a downgrade of U.S. credit triggered a spike in debt yields that threatened to raise borrowing costs throughout the nation's economy. The Dow Jones Industrial Average dropped 295 points, or 0.7%, while the S &P 500 fell 0.9%. The tech-heavy Nasdaq plunged 1.2%.

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.

A U.S. sovereign downgrade by Moody's has exacerbated investor worries about a looming debt time-bomb that could spur bond market vigilantes who want to see more fiscal restraint from Washington. The ratings agency cut America's pristine sovereign credit rating by one notch on Friday,