5 Feb 2014
Moody's assures US AAA rating secure despite debt limit deadline
FXStreet (Łódź) - Moody's ratings agency released a statement on Wednesday in which it assured that the US debt ceiling deadline on February 7 did not affect the country's top level credit rating and stable outlook.
“Moody's expects the debt ceiling to be raised,” the agency said. “Even if Congress fails to raise the limit in time, the US Treasury will continue to have the means to pay the interest on its debt, according to the report entitled 'Debt Limit Unlikely to Affect US Creditworthiness or Aaa Rating'.”
As Jamie Coleman speculates on FXBeat, most probably“Moody's doesn't fancy a retaliatory lawsuit like its competitor S&P was hit with by the Treasury Dept...”
“Moody's expects the debt ceiling to be raised,” the agency said. “Even if Congress fails to raise the limit in time, the US Treasury will continue to have the means to pay the interest on its debt, according to the report entitled 'Debt Limit Unlikely to Affect US Creditworthiness or Aaa Rating'.”
As Jamie Coleman speculates on FXBeat, most probably“Moody's doesn't fancy a retaliatory lawsuit like its competitor S&P was hit with by the Treasury Dept...”