Reuters reports that Moody's Investors Service Tuesday confirmed its Aaa rating of the United States, citing the decision to raise the debt limit, but assigned a negative outlook to the rating, pressuring lawmakers to create a long-term fiscal consolidation plan..
The ratings agency confirmed the United States' Aaa rating after congressional lawmakers agreed to raise the country's debt ceiling, which will allow the Treasury to keep servicing debt obligations.
Moody's had placed U.S. ratings on review for a possible downgrade on July 13, fearing that the government could miss debt payments if lawmakers failed to increase the country's legal borrowing limit by the Aug. 2nd deadline….
http://www.huffingtonpost.com/2011/08/02/moodys-confirms-us-will-keep-aaa-rating_n_916622.html
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