Moody’s expects to cut US rating without deal to lower debt/GDP ratio

Author: Adam Button | Category: News
  • Budget negotiations likely to determine AAA rating and outlook
  • If budget talks do not produce downward trend in debt-to-GDP ratio, rating likely to be lowered to AA1
  • Assumes “relatively orderly” process for increasing debt limit
  • The full Moody’s statement is here

For whoever wins the election, getting the votes from the public will be the easy part. Getting the votes in Congress will be painful.