Tags: update | moody

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

Thursday, 02 Jun 2011 03:41 PM

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)

© 2015 Thomson/Reuters. All rights reserved.

1Like our page
2Share
Newsfront
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...
update,moody,
104
2011-41-02
 

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