Moody?s: US debt situation will affect credit rating
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WASHINGTON ? Moody?s Investor Service said the the outcome of the debt situation in the U.S. directly affects its credit rating, in an announcement published last Thursday.
If the U.S. did not see significant GDP growth, its debt-to-GDP ratio will suffer and could lead to a bad credit rating, the first in decades.
The U.S. credit rating was downgraded by Standard and Poors (S&P) from a AAA rating to the AA-plus, to which Obama and his government agencies cried as foul play and subsequently sued S&P.
Other agencies like Moody?s and Fitch have the U.S. at a AAA rating, but mention that if the U.S. does not get its act together, it will be downgraded.
Now it is time for the House and Senate to reach a deal to save the country?s credit rating, or the U.S. could become another Greece very soon.
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The AIM Newswire is a collection of political, media and world news stories hand-picked by the AIM Staff. Opinions or bias expressed are not representative of Accuracy in Media.
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