GO
Loading...

Enter multiple symbols separated by commas

Moody's: Likely to Back US Rating If Debt Ceiling Raised

Moody's declined to comment about how it would react to the government's tentative deal, but it referred back to its latest report it released on the U.S. debt debate.

moodys_logo.jpg

That report, published Friday said the agency was likely to affirm the government's triple-A rating if it raised the debt ceiling , but it could place a negative outlook on the country if it feels the plan to reduce the deficit doesn't significantly change the country's debt situation.

There continues to be concern that rival ratings agency Standard & Poor's may opt to downgrade the country's credit rating.

CNBC_debt_ceiling_2_bdg.jpg

S&P has said repeatedly that a deal would likely have to cut about $4 trillion in order to avoid a downgrade.

Some analysts suspect that even if the deal is approved S&P will downgrade US debt.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Blatter re-elected to head FIFA

    Prince Ali Bin al-Hussein has withdrawn after the first round of voting for FIFA president, and Sepp Blatter is now the winner of the FIFA presidential race, reports CNBC's Wilfred Frost.

  • Prince Ali Bin al-Hussein withdraws from FIFA election

    Sepp Blatter received 133 votes to Prince Ali Bin al-Hussein's 73 in the first round of voting for FIFA president, and al-Hussein has withdrawn before the second round of voting.

  • Not worried, a lot of opportunity: Pro

    Stocks are lower Friday, but remain on track for a positive month. Katie Nixon, Northern Trust Wealth Management, and Kristina Hooper, Allianz Global Investors, discuss their market forecasts.