The U.S. Aaa credit rating won’t be under pressure from budget deficits in 2010 or 2011, Moody’s Investors Service (MOD) said.
The White House budget office projects that the federal deficit will top $1.5 trillion this year.
“Certainly over time, and I’m not talking about this year or next, but over the medium term and the long term the debt trajectory such as it’s laid out in official projections…
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Moody’s: U.S. Aaa Rating Not Under Pressure in 2010 or 2011 originally appeared on DailyFinance on Tue, 16 Nov 2010 08:39:00.
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