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Reducing Deficit Key to US Rating: Moody's

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donsutherland1

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As an indication that the U.S. cannot expect to run massive budget deficits without adverse consequences, Moody's warned that the U.S. credit rating could be cut should the U.S. not reduce its annual budget deficit to "manageable levels" within 3-4 years.

The United States, which posted a record deficit in the last fiscal year, may lose its Aaa-rating if it does not reduce the gap to manageable levels in the next 3-4 years, Moody's Investors Service said on Thursday...

"The Aaa rating of the U.S. is not guaranteed," said Steven Hess, Moody's lead analyst for the United States said in an interview with Reuters Television. "So if they don't get the deficit down in the next 3-4 years to a sustainable level, then the rating will be in jeopardy."
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Reducing Deficit Key to US Rating: Moody's - Economy * US * News * Story - CNBC.com
 
No worries, just pay Moody to give a favourable rating.. worked for a decade after all
 
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