Tags: update | moody

Moody's Warns of Rising Risk on U.S. Credit Rating

Thursday, 02 Jun 2011 03:41 PM

 

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
Moody's Investors Service said Thursday there is a very small but rising risk of a short-lived default by the United States if there is no increase in its statutory debt limit in coming weeks.

In a statement, Moody's said if there is no progress in increasing the debt limit, it would expect to place the Aaa sovereign credit rating on review for a possible downgrade.

"If the debt limit is raised and default avoided, the Aaa rating will be maintained. However, the rating outlook will depend on the outcome of negotiations on deficit reduction," Moody's said. (Reporting by Daniel Bases; Editing by Andrew Hay)

© 2014 Thomson/Reuters. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

McCain: Obama Doesn't Understand Hacks Are Warfare

Sunday, 21 Dec 2014 11:44 AM

Sen. John McCain, the incoming Chairman of the Senate Armed Services Committee, said President Barack Obama doesn't unde . . .

Mike Rogers: Obama Said 'Aloha' Instead of Acting on Sony Hackers

Sunday, 21 Dec 2014 10:01 AM

House Intelligence Committee chairman said on Sunday the United States has the capability to make it very hard for North . . .

Pakistan Hangs Four More Militants After School Attack

Sunday, 21 Dec 2014 09:55 AM

Pakistan on Sunday executed four more militants after ending a six-year old moratorium on the death penalty following a  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved