U.S. won't regain Aaa-rating after any default: Moody's
(Reuters) - Moody's Investors Service said on Tuesday it would strip the United States of its top-notch rating if a default such as a missed debt payment were to happen and it would not regain the Aaa-status even if the default were resolved.
"An upgrade back to Aaa would be unlikely while the institution of the debt ceiling, and the political environment that gave rise to the missed payment, remained in place," the rating agency's analysts wrote in a report published on Tuesday.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US consumer sentiment deteriorates in September, inflation expectations rise
- Exclusive-Silver Lake, Intel-backed Altera prepares IPO that could raise over $2 billion as early as 2026, sources say
- Adobe beats Q3 targets, but soft Q4 sales guidance triggers dip
Create E-mail Alert Related Categories
Credit Ratings, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share