Moody's: U.S. may lose the AAA credit rating because of the large budget deficit

United States, which in the last fiscal year reported a record budget deficit, may lose the highest credit rating of AAA in the case, if not reduce the difference between expenditures and revenues at an acceptable level within the next 3-4 years. This warned the credit rating agency Moody's Investors Service.

The U.S. government reported that the budget deficit for the fiscal year ended September 30, 2009, reached $ 1,417 billion financial crisis and state support of the U.S. banking system have punched a huge hole in the U.S. treasury. With regard to this indicator for 2011 fiscal year, the White House expects the deficit at more than $ 1 trillion.



"The rating of AAA is not guaranteed by the United States. So if they do not reduce the budget deficit to sustainable levels over the next 3-4 years, their rating will be in danger," - said in a interview with Reuters, a leading American analyst Steven Hess, Moody's (Steven Hess). Currently rating outlook is "stable", indicating a low probability of its change over the next 18 months.

According to analysts, reducing the budget deficit will be an issue for the United States, as "raising taxes has never been a popular measure from a political standpoint," and a reduction in the current context also seems to be quite a challenge.

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