Federal Deficit, Credit Rating | featured news

U.S. rating faces 2013 cut if no credible plan: Fitch

Fitch Ratings reiterated on Thursday it would cut its sovereign credit rating for the United States next year if Washington cannot come to grips with its deficits and create a "credible" fiscal consolidation plan.


Moody's: Obama budget unlikely to be implemented

Moody's: Obama budget unlikely to be implemented

President Barack Obama's deficit reduction plan would be positive for U.S. ratings but chances of its implementation are "extremely low," Moody's Investors Service said on Monday.


U.S. Credit Rating Downgrade Looking Likely Even If Debt Ceiling Deal Is Reached

Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly say yes. The outcome won't be quite as scary as a default, but financial markets would still take a blow. Mortgage rates could rise. States and cities, already strapped, could find it more difficult to borrow. Stocks could lose their gains for the year.


S&P says 50-50 chance of U.S. downgrade

Standard & Poor's reiterated on Thursday it sees a real risk that future U.S. government deficits may meaningfully miss discussed targets and that there is a 50-50 chance the U.S. AAA credit rating could be cut within three months, perhaps as soon as August.


Moody's sounds alarm over U.S. debt limit and deficits

Moody's sounds alarm over U.S. debt limit and deficits

Ratings agency Moody's warned on Thursday it would consider cutting the United States' coveted top-notch credit rating if the White House and Congress do not make progress by mid-July in talks to raise the debt limit.


Subscribe to this RSS topic: Syndicate content