US EditionUS government shutdown bad for country’s credit, warns Moody’s
- Moody's Investors Service warns that a government shutdown could negatively impact the United States' credit rating, which would highlight the country's weakness compared to other AAA-rated sovereigns.
- A prolonged government shutdown could have a more significant effect on the economy, particularly in terms of business and consumer confidence and financial market reactions.
- In the event of a shutdown, the release of important data on inflation and employment would be delayed, leaving investors, economists, and policymakers without crucial information.
14 Articles
14 Articles
US government shutdown would be bad for country’s credit rating, Moody’s warns – business live
Rolling coverage of the latest economic and financial newsWhite House planning for government shutdown after chaos on Capitol HillThe risk of a US government shutdown this weekend is one of several potential tail risks nagging away at investors, says Stephen Innes, managing partner at SPI Asset Management.Innes explains:Congress faces a critical deadline at the end of September, just days away. They must come to an agreement on government fundin…
Moody's warns US government shutdown bad for country's credit
Credit rating agency Moody's has warned that a US government shutdown would harm the country's credit. This comes after Fitch downgraded the US due to a debt ceiling crisis. Without funding from Congress, government services would be disrupted and federal workers furloughed. Moody's analyst William Foster stated that political polarization in Washington weakens fiscal policymaking, which could lead to a negative impact on the credit profile and …
Moody's warns gov't shutdown bad for USA's credit -- one month after...
A US government shutdown would negatively impact the country's credit, credit rating agency Moody's said on Monday, a stern warning coming one month after Fitch downgraded the US by one notch on the back of a debt ceiling crisis.
US government shutdown bad for country’s credit, warns Moody’s
A U.S. government shutdown would harm the country's credit, rating agency Moody's said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis.
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