Wednesday, May 27, 2009
Moody's Investors Service says the U.S. government's "AAA" rating is stable despite the country's swelling debt.
A credit rating of "AAA" is the highest possible. It means the agency sees very little risk of the government defaulting on its debt.
Last week Standard & Poor's, another ratings agency, raised worries that the United States could lose its "AAA" rating after it warned Britain was at risk for a downgrade.
Moody's Vice President Steven Hess said Wednesday that while the U.S. government's debt rating is stable, a reassessment of the economy and the government's debt could put "negative pressure on the rating in the future." He said risks related to Social Security and Medicare could also affect the rating.
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