The U.S.’s Aaa credit rating outlook remains stable, Moody’s Investors Service said, citing the size and diversity of the nation’s economy and the status of the dollar and Treasury bond market as global benchmarks.
While the short-term outlooks for most indicators of economic and fiscal performance are positive, long-term considerations could put pressure on the rating, New York-based Moody’s wrote in a statement today. Spending on social programs is projected to pressure budget deficits and the nation’s debt to gross-domestic-product ratio, Moody’s said.
The U.S budget is projected to fall to 2.6 percent of gross domestic product in 2015 from 2.9 percent this year, according to economists surveyed by Bloomberg, reaching the lowest level since 2007.
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