Moody's says US rating may be cut if debt limit not raised

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 review.”