Skip to main content
Economy

Moody’s, Fitch Maintain U.S. Rating

But outlook is deemed “negative.”

cheats/2011/08/03/moody-s-fitch-maintain-u-s-rating/credit-report-agencies-Karabell-box_bj6q4i

From top left: James Leynse / Corbis; Andrew Gombert, EPA / Corbis; Marc Tirl, DPA / Corbis

Crisis averted? Moody’s and Fitch both maintained the U.S. government’s triple-A credit rating Tuesday, but that doesn’t mean all is clear. Both companies also warned of future downgrades if the U.S. doesn’t enact further deficit-reducing measures and the economy continues to stall. Moody’s, in fact, marked the U.S. outlook as “negative.” Standard & Poor’s, the third ratings agency, hasn't made an announcement at this point, but has said anything less than $4 trillion in cuts would put the U.S.’s rating at risk.

Read it at Bloomberg News

TRENDING NOW