Friday, July 29, 2011

Moody's: U.S. Should Retain Top Credit Rating If Bondholders Get Paid

WASHINGTON -- Moody's Investors Service says the United States should be able to keep its triple-A credit rating as long as Washington works out a deal that lets it continue to pay bondholders.

The credit rating agency said late Friday that it thinks that even if the debt limit isn't raised by Tuesday's deadline, the government would give priority to making interest payments on its debt and thereby avoid a default.


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