NEW YORK (CNNMoney) — Credit rating agency Moody’s said Tuesday the United States will keep its sterling AAA credit rating for the time being, but lowered its outlook on U.S. debt to “negative.”
A “negative outlook” indicates the possibility that Moody’s would downgrade the country’s sovereign credit rating within a year or two.
The rating agency, which had placed U.S. debt rating on review for a possible downgrade last month, said the political deal to raise the debt ceiling has now “virtually eliminated the risk of such a default.”
Full Story: Moody’s affirms AAA rating, lowers outlook – Aug. 2, 2011.