Wednesday, January 30, 2013

U.S. rating still at risk despite reduced threats from DC

The retreat by Republicans from threats to push the United States into a debt crisis has stayed the hand of at least one credit ratings agency, but that does not mean the United States is suddenly safe.

The country has retained its top triple-A rating from Moody's Investors Service and Fitch Ratings, despite rising debt levels. It was downgraded by one notch in 2011 by Standard & Poor's after a chaotic debt ceiling battle. On Monday, Fitch said the recent debt ceiling extension eliminates the immediate risk to the rating.

http://www.reuters.com/article/2013/01/30/us-usa-debt-rating-idUSBRE90S16O20130130