Vladimír Urbánek (Kurzy.cz)
Markets  |  September 11, 2012 16:11:39

Moody's reduced the U.S. rating if no reduction of debt to GDP

Moody's announced that if the U.S. does not reduce its ratio of debt to total GDP, will lose top credit rating at Aaa. If lawmakers fail to negotiate measures to reduce or stop the said ratio is still worsening trend, the credit rating downgraded to Aa1 degree.

Moody's now holds the top Aaa rating to the stage with a negative outlook. No signs of improvement will be sustained negative outlook to 2014, said the agency.

Competitive agency Standard & Poor's lowered the top ratings 5th August last year. Fitch currently holds a AAA rating with a negative outlook.
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