U.S. shutdown seen a threat to economy, not rating - Moody's

By Kitco News / January 22, 2018 / www.kitco.com / Article Link

NEW YORK, Jan 22 (Reuters) - The U.S. government shutdown that began on Saturday is disruptive to the economy, but poses no immediate threat to its top notch Aaa-rating as long as it makes its debt payments on time, Moody's Investors Service said on Monday.

The federal shutdown, the first since 2013, would make it likely the issue of raising the statutory borrowing limit would become part of the next round of budget negotiations in Washington, the rating agency said in a research note.


(Reporting by Richard Leong Editing by Chizu Nomiyama)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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