Rating Agency Again Judges USA AAA
Uncle Sam's debt holds steady despite 'negative pressure'
By Kevin Spak,  Newser Staff
Posted May 27, 2009 11:28 AM CDT
In this April 26, 2006 file photo, credit card signs are posted outside a New York parking garage.   (AP Photo/Mark Lennihan, File)
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(Newser) – Moody’s today reassured investors that the United States government won’t lose its AAA credit rating…yet. Last week Standard & Poor warned that it might soon drop Britain’s debt rating, sparking panic that other governments could follow. A Moody’s VP said the US’ rating is the highest possible and safe for now—but warned that massive debt, plus Social Security and Medicare costs, could put “negative pressure” on it in the future.