Moody’s warns US govt shutdown bad for country’s credit ...Middle East

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Moody’s warns US govt shutdown bad for country’s credit
source : Daily Sun ( Middle East ) () 136
NEW YORK: A US government shutdown would negatively impact the country’s credit, credit rating agency Moody’s said on Monday, a stern warning coming one month after Fitch downgraded the US by one notch on the back of a debt ceiling crisis.US government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct 1.A possible shutdown would be further evidence of how political polarisation in Washington is weakening fiscal policymaking at a time of rising pressures on US government debt affordability because of higher interest rates, Moody’s analyst William Foster told Reuters.“If there is

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