Moody's Affirms Triple-A Rating for U.S.
20 June 2020 - 12:50AM
Dow Jones News
By Josh Beckerman
Moody's Investors Service affirmed its triple-A rating for the
U.S., predicting the economy will recover in time following
"unprecedented challenges" during the coronavirus pandemic.
The rating firm's outlook for the U.S. remains stable.
Moody's believes the "combination of exceptional economic
strength, high institutions and governance strength, and extremely
low exposure to credit-related shocks continue to support its Aaa
rating, despite ongoing erosion in fiscal strength."
Moody's said its assessment of the nation's fiscal strength
"incorporates the expectation of a sharp widening of federal
government deficits to about 18% and 11% of GDP in 2020 and 2021,"
largely due to emergency fiscal stimulus measures.
On April 2, S&P Global has affirmed its AA+ rating for the
U.S., with a stable outlook.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 19, 2020 19:35 ET (23:35 GMT)
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