Moody's sees U.S. deficit reduction as key to rating

10/22/2009 | Reuters

The U.S. could lose its triple-A debt rating if it does not reduce its budget deficit, Moody's Investors Service said Thursday. For now, Moody's rates the U.S. outlook as "stable," which suggests no change for the coming 18 months. But a failure to decrease spending could spur a rating cut. "The Aaa rating of the U.S. is not guaranteed," said Moody's analyst Steven Hess.

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