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

  • Lottery ticket

    A thief who broke into the car of a Seattle couple left behind a million-dollar lottery ticket, NBC News reports.

  • The Lamborghini SpA Urus SUV.

    There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.

  • Mike Trout #27 of the Los Angeles Angels takes a picture with fans before a game with Boston Red Sox at Fenway Park on May 23, 2015 in Boston, Massachusetts.

    MLB is using digital media initiatives like Snapchat and Web video to connect with younger viewers. Is it enough?

U.S. Video