Moody's Investors Service says the United States will retain its triple-A bond rating following passage of legislation to boost the debt ceiling. But the rating agency says it is lowering the outlook for possible future changes to negative.
Moody's says in a statement the bill signed into law by President Barack Obama on Tuesday had virtually eliminated the risk of a default by the government on its debts.
Moody's assigned a negative outlook to the triple-A rating to show that there is still be a risk of a downgrade if the government's fiscal discipline weakens.
Fellow ratings agency Fitch Ratings took similar action earlier in the day.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.