diff --git a/.changes/unreleased/Fixes-20240113-073615.yaml b/.changes/unreleased/Fixes-20240113-073615.yaml
new file mode 100644
index 00000000000..3dd68508db8
--- /dev/null
+++ b/.changes/unreleased/Fixes-20240113-073615.yaml
@@ -0,0 +1,6 @@
+kind: Fixes
+body: Convert "Skipping model due to fail_fast" message to DEBUG level
+time: 2024-01-13T07:36:15.836294-00:00
+custom:
+  Author: scottgigante,nevdelap
+  Issue: "8774"
diff --git a/core/dbt/task/printer.py b/core/dbt/task/printer.py
index 953a967b4a2..7bedbfaba93 100644
--- a/core/dbt/task/printer.py
+++ b/core/dbt/task/printer.py
@@ -13,6 +13,7 @@
     StatsLine,
 )
 from dbt.node_types import NodeType
+from dbt_common.events.base_types import EventLevel
 from dbt_common.events.format import pluralize
 from dbt_common.events.functions import fire_event
 from dbt_common.events.types import Formatting
@@ -68,14 +69,13 @@ def print_run_status_line(results) -> None:
 
 
 def print_run_result_error(result, newline: bool = True, is_warning: bool = False) -> None:
-    if newline:
-        fire_event(Formatting(""))
-
     # set node_info for logging events
     node_info = None
     if hasattr(result, "node") and result.node:
         node_info = result.node.node_info
     if result.status == NodeStatus.Fail or (is_warning and result.status == NodeStatus.Warn):
+        if newline:
+            fire_event(Formatting(""))
         if is_warning:
             fire_event(
                 RunResultWarning(
@@ -112,8 +112,13 @@ def print_run_result_error(result, newline: bool = True, is_warning: bool = Fals
             fire_event(
                 CheckNodeTestFailure(relation_name=result.node.relation_name, node_info=node_info)
             )
-
+    elif result.status == NodeStatus.Skipped and result.message is not None:
+        if newline:
+            fire_event(Formatting(""), level=EventLevel.DEBUG)
+        fire_event(RunResultError(msg=result.message), level=EventLevel.DEBUG)
     elif result.message is not None:
+        if newline:
+            fire_event(Formatting(""))
         fire_event(RunResultError(msg=result.message, node_info=node_info))
 
 
diff --git a/tests/functional/minimal_cli/test_minimal_cli.py b/tests/functional/minimal_cli/test_minimal_cli.py
index d47f8b911c5..c757b43d4b3 100644
--- a/tests/functional/minimal_cli/test_minimal_cli.py
+++ b/tests/functional/minimal_cli/test_minimal_cli.py
@@ -53,6 +53,38 @@ def test_build(self, runner, project):
         assert "SKIP=1" in result.output
 
 
+class TestBuildFailFast(BaseConfigProject):
+    def test_build(self, runner, project):
+        runner.invoke(cli, ["deps"])
+        result = runner.invoke(cli, ["build", "--fail-fast"])
+        # 1 seed, 1 model, 2 data tests
+        assert "PASS=4" in result.output
+        # 2 data tests
+        assert "ERROR=2" in result.output
+        # Singular test
+        assert "WARN=1" in result.output
+        # 1 snapshot
+        assert "SKIP=1" in result.output
+        # Skipping due to fail_fast is not shown when --debug is not specified.
+        assert "Skipping due to fail_fast" not in result.output
+
+
+class TestBuildFailFastDebug(BaseConfigProject):
+    def test_build(self, runner, project):
+        runner.invoke(cli, ["deps"])
+        result = runner.invoke(cli, ["build", "--fail-fast", "--debug"])
+        # 1 seed, 1 model, 2 data tests
+        assert "PASS=4" in result.output
+        # 2 data tests
+        assert "ERROR=2" in result.output
+        # Singular test
+        assert "WARN=1" in result.output
+        # 1 snapshot
+        assert "SKIP=1" in result.output
+        # Skipping due to fail_fast is shown when --debug is specified.
+        assert "Skipping due to fail_fast" in result.output
+
+
 class TestDocsGenerate(BaseConfigProject):
     def test_docs_generate(self, runner, project):
         runner.invoke(cli, ["deps"])