Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

US credit rating outlook lowered to 'negative' by Moody's as shutdown looms

Moddy's Investor Services lowered the United States' credit rating from "stable" to "negative" on Friday ahead of a possible government shutdown.

The U.S. credit rating outlook was lowered from "stable" to "negative" this week by Moody's Investors Services as another government shutdown looms. 

"Continued political polarization within U.S. Congress raises the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability," Moody's said in a statement.

CLICK HERE TO READ MORE ON FOX BUSINESS

Republicans in the House are expected to try to avoid a shutdown by releasing a stopgap spending measure Saturday. 

Reuters contributed to this report. 

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.