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Moodyâ€™s may downgrade US triple-A rating

Moodyâ€™s may downgrade US triple-A rating

24 June 2009 13:16 (UTC +04:00)

BakÄ±. Vahab Rzayev â€“ APA-Economics. Moodyâ€™s Investors Service said on Tuesday that the U.S. governmentâ€™s triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory, Reuters reported.
"The U.S. government triple-A is safe," Pierre Cailleteau, team managing director of Moodyâ€™s Sovereign Risk Group, said at a media briefing on sovereign credit ratings held in Tokyo.
Cailleteau added that another possible threat to the rating could come from any severe challenge to the dollar as the main international reserve currency.
Moodyâ€™s Investors Service said in May that it was comfortable with the triple-A sovereign rating on the United States, but it was not guaranteed forever.

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