U.S. could still face credit downgrade

01/3/2013 | Wall Street Journal, The

Although the eleventh-hour deal to avert the "fiscal cliff" generally avoided tax increases, it also failed to include any serious debt reduction. Nobody predicts America's debt to gross domestic product ratio will fall below the IMF's projections of it rising to 90% by 2016. That heavy load could threaten America's credit rating with the big three ratings firms -- Moody's, Standard & Poor's, and Fitch.

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Wall Street Journal, The

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