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Sunday, June 5, 2011
Moody's Threatens to lower a credit rating of the USA
NJU-JORK (Рейтер) - At the USA exists very small, but growing risk of a short-term default if the debt limit of the country is not raised the next weeks, agency Moody's Investors Service has informed on Thursday.
In statement Moody's it is said that the agency will put a credit rating of the USA "Aaa" on revision with fall possibility if legislators in Washington don't achieve essential successes in budgetary negotiations to the middle of July.
"As the risk of grows that this desperate situation will last, if progress is not obvious to the middle of the July, the similar rating decision is probable", - has reported.
The forecast of a rating of the USA while is stable, however agency Standard and Poor's in April has reconsidered the forecast of the American rating to negative, referring to similar fears concerning political dispute in Washington.
Serious clashes of opinions increase chances of a short-term default by a debt limit. If this situation doesn't change the next weeks, Moody's will begin rating revision, the company has informed.
If the debt limit of the USA is not increased, on August, 2nd or later to the Minister of Finance of the USA by Timoti Gajtneru, possibly, it is necessary to choose, what accounts to pay. It can decide to delay payment of social benefits to pensioners, to detain a payment the military man, to sell any governmental actives or not to pay to holders of the state bonds.
The budgeted deficit of the USA, predictably, will reach $1,4 trillion this year. Debt "ceiling" now makes $14,3 trillion.
The rating agency has informed that if the debt limit will be increased, and the default will manage to be avoided, the USA will keep a rating "Aaa". Nevertheless, the rating forecast will depend on an outcome of debt negotiations.
"Fall Moody's strengthens pressure upon leaders of the Congress, forcing them to work persistently for achievement of the agreement on increase in debt"ceiling", - Katie Lajen from GFT Forex has told.
(Daniel Bejsis with the assistance of Nika Olivari, Julia Zaslavsky has translated. Editor Dmitry Antonov)
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