Moody’s finally realizes that “willingness to pay” is as important a factor in credit rating as “ability to pay.” The U.S. has no hindrance on its ability to pay, but it has shown a definite willingness to not pay with the debt limit shenanigans.
|Moody’s Says U.S. May Be Cut If No Progress on Debt Limit |
By John Detrixhe and Heidi Przybyla
June 2 (Bloomberg) -- Moody’s Investors Service said it
will put the U.S. government’s Aaa credit rating under review
for a downgrade unless there’s progress on increasing the debt
limit by mid-July.
“The heightened polarization over the debt limit has
increased the odds of a short-lived default,” New York-based
Moody’s said in a statement today. “If this situation remains
unchanged in coming weeks, Moody’s will place the rating under