BRIEF-Moody's Affirms United States' Aaa Rating; Maintains Stable Outlook
BY Reuters | CORPORATE | 06/24/22 04:55 PM EDTJune 24 (Reuters) - Moody's:
* MOODY'S AFFIRMS UNITED STATES' AAA RATING; MAINTAINS STABLE OUTLOOK
* MOODY'S SAYS IT EXPECTS THE U.S. ECONOMY AND THE SOVEREIGN'S CREDIT PROFILE TO REMAIN RESILIENT TO SHOCKS
* MOODY'S SAYS UNITED STATES' RATING AFFIRMATION DRIVEN BY VIEW THAT THE U.S. IS EMERGING FROM THE PANDEMIC SHOCK WITH ITS CREDIT STRENGTHS INTACT
* MOODY'S SAYS RISKS TO THE U.S. ECONOMY HAVE MATERIALLY INCREASED AND COULD LEAD TO A SHARPER THAN EXPECTED SLOWDOWN, OR POTENTIALLY A RECESSION
* MOODY'S SAYS STRONG POLICY RESPONSE TO PANDEMIC SUPPORTED A VERY SWIFT & EARLY RECOVERY THAT AVOIDED ECONOMIC SCARRING AND DEMONSTRATED U.S. GOVERNMENT'S CAPACITY TO MANAGE SHOCKS
* MOODY'S SAYS U.S.' LONG-TERM LOCAL- AND FOREIGN-CURRENCY COUNTRY CEILINGS REMAIN UNCHANGED AT AAA
* MOODY'S SAYS OUTLOOK REFLECTS VIEW THAT DIVERSITY, DYNAMISM, AND COMPETITIVENESS OF U.S. ECONOMY WILL OFFSET FISCAL PRESSURES AND ECONOMIC SLOWDOWN
* MOODY'S SAYS IT EXPECTS U.S. DEFICITS TO GRADUALLY WIDEN OVER THE LONGER TERM TO AROUND 7% OF GDP AND DEBT BURDEN TO RISE TO ABOUT 113% OF GDP BY 2032 Source text for Eikon: