The US could lose its top credit rating status if policy makers fail to agree on measures to reduce the country’s debt to gross domestic product ratio next year, Moody’s Investors Service warned on Tuesday.
Budget negotiations during the 2013 congressional legislative session “will likely determine the direction of the US government’s Aaa rating,” Moody’s said, adding that if talks fail to produce stabilisation followed by a downward trend in the ratio of federal debt, it may cut the country’s rating to Aa1.
via Moody’s warns on US credit rating – FT.com.
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