Moody's downgrade of the U.S. credit rating made it the third of the three major ratings agencies to downgrade U.S. credit since 2011 amid widening budget deficits.

The U.S. lost its top credit rating from Moody’s over the weekend, but 11 other countries still have it. Those countries are Australia, Canada, Denmark, Germany, Luxembourg, Netherlands, New Zealand,

After recovering from an initial jolt, U.S. stocks drifted through quiet trading following the latest reminder that the U.S government may be hurtling toward an unsustainable mountain of debt.