Moody's Says U.S., U.K. Not At Risk of Losing Triple-A Rating

Moody's Investors Service (NYSE: MCO) said today that the triple-A sovereign debt ratings of the U.K. and the U.S. aren't under threat of being downgraded.

Moody's said it doesn't expect any downgrades of countries with triple-A ratings in the "near future." It did say the only way it sees a downgrade occurring is if there is a sustained increase in government debt over several years, which it doesn't anticipate, would warrant such a decision.

Moody's said the U.S. and the U.K. "have lost altitude" among those countries with triple-A ratings, but noted they remain in the group of "resilient" economies, better placed to keep their ratings intact than Spain, which it called "vulnerable."

This news from Moody's likely caused the British pound to rise against the U.S. dollar and the Japanese yen today.

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