Tuesday, November 22, 2011

Moody's: Deficit failure not decisive for rating

(Nov 21): Moody's Investors Service on Monday repeated that failure by a U.S. congressional committee to come up with at least $1.2 trillion in deficit-reduction measures will be "informative but not decisive" in its analysis of its U.S. top credit rating.

Failure by the so-called super committee to reach an agreement "would not by itself lead to a rating change for the U.S. government," a spokesman for Moody's said in a statement.

Moody's has a negative outlook on its U.S. Aaa rating. ' Reuters


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