Moody's Investors Service says the United States will retain its AAA credit rating after President Obama signed a bill to raise the federal debt ceiling.
Moody's assigned a negative outlook on the top-notch rating, echoing comments by Obama that the new deal was only a "first step" toward a long-term debt solution.
Still in question is the rating assigned by Standard & Poor's, which last month warned lawmakers of a possible downgrade.
The AAA rating enables nations to borrow funds at lower costs because their governments are considered stable and their bonds safe.
Tuesday, August 02, 2011
Moody's Will Not Downgrade US AAA Credit
CNN breaking:
