Moody's raises US sovereign outlook to stable from negative

Moody's raised the US sovereign outlook to stable from negative, noting that the federal government's debt trajectory is on track with criteria previously laid out by the rating agency.

July 22, 2013 / 08:17 IST

Moody's Investors Service on Thursday stood down from the possibility of cutting the US sovereign credit rating in coming months, affirming the country's top Aaa rating and noting the resilience of the economy.

Moody's raised the US sovereign outlook to stable from negative, noting that the federal government's debt trajectory is on track with criteria previously laid out by the rating agency.

Also read: Bernanke's statement cautious, but not different: JPMorgan

The economy is growing moderately, but it is still "progressing at a faster rate compared with several Aaa peers and has demonstrated a degree of resilience to major reductions in the growth of government spending," Moody's said in a statement.

first published: Jul 19, 2013 08:20 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347