Rating agencies not impressed with cuts under sequestration

03/5/2013 | Hill, The

Credit rating agencies say the cuts under sequestration are not enough for the U.S. to maintain its AAA rating in the long run. The agencies view the cuts as a step in the right direction but are concerned that Washington's inability to replace them with targeted cuts reflects its ongoing dysfunction. Fitch Ratings and Moody's Investors Service have placed the U.S. on a negative outlook. Standard & Poor's downgraded its U.S. credit rating in 2011.

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Hill, The

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