Thursday, May 27, 2010

Moody's: US AAA Rating at Risk

The United States' AAA rating continues to be stable, even though the government's finances have weakened from the cost of supporting the country's financial system and economy, Moody's Investors Service said.

The U.S.'s top rating could eventually come under pressure unless additional measures are taken to reduce projected record budget deficits, the agency warned.

The rating is backed by the country's ranking as the world's largest economy as well as its flexible markets and open trade regime, Moody's said in a statement that was worded similarly to other regular statements made in recent months.

A stable outlook indicates the rating agency views the AAA rating as unlikely to come under pressure over the next 12 to 18 months. (more)

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