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See prospects of default; short covering: Nick Parsons

Even after the shutdown, politicians on either side in the US are not showing any spirit of conciliation, reconciliation or negotiation and against this backdrop it will be very difficult to come to an agreement.

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.

Are `AAA` ratings a joke?

The US lost its AAA rating for the first time in its history in August 2011; post a downgrade by credit rating agency Standard & Poor's (S&P). The agency asserted a negative outlook on long term US debt and cut its rating from AAA to AA+.

France cuts deep, hikes taxes to hold into AAA rating

In what may be the toughest austerity measures since World War Two, France has announced budget cuts worth 65 billion euros over the next 5 years.

France aims for more deficit cuts as rating eyed

President Nicolas Sarkozy ordered his finance and budget ministers to find new ways to prune the public deficit on Wednesday, as markets fretted over France's strained finances and banks following a US debt downgrade.

Moody's says US still needs to find further cuts

Moody's repeated a warning on Monday it could cut the US rating before 2013 if the fiscal or economic outlook weakens significantly but said it saw the potential for a new debt agreement in Washington to cut the budget deficit before then.

Don't see any reason for US downgrade: JPMorgan Chase

Speaking to CNBC-TV18 in an exclusive, James Glassman, Senior Economist, JPMorgan Chase Bank, says that he doesn’t see any reason for the US downgrade. “The US budget deficit will soon be down to a sustainable range of 1-2% GDP level,” he says.

Moody's, Fitch keep US rating at AAA for now

Moody's Investors Service on Tuesday confirmed its AAA rating of the United States, citing the decision to raise the debt limit, but kept the pressure on the government to move toward a long-term fiscal consolidation plan.

What does Moody's move on US debt rating mean?

The warning by Moody's Investors Service on Wednesday represented the biggest danger to date for the AAA rating of the United States, whose debt provides the bedrock of the world's financial system.