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Press
Release
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Moody's
Investor Services says U.S. rating outlook is 'stable'
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Moody's said vast deficit was a negative but when measured as a
percentage of U.S. gross domestic product, it was still "consistent"
with the country's AAA rating.
Moody's went on to say its rating outlook was stable because of
"America's unique advantages, particularly its currency's international
role," as the dollar's importance to international capital
flows made it less vulnerable to sudden shifts in investor confidence.
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The
report cited the recent fall in the value of the dollar "would
not exert influence over Moody's rating of the United States, because
the government and private sector had very little exposure to foreign
currencies.
Concerns over the weak recovery from the three-year economic slowdown,
and the record U.S. current-account deficit, which now accounts
for some 5 percent of GDP impact their position and will be tracked
closely.
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"Another
concern, from a credit perspective, is the political wrangling and consequent
delay that is necessary to raise the mandatory statutory debt limit for
the nation," said Moody's analyst and Vice President Steven Hess.
"Despite the fact that Congress has no real choice in this matter,
any miscalculation of available funding could create a small risk to bondholders,
although there is little possibility of actual loss," he said
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