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Moody's, which has never changed the United States' triple-A
rating, said the rating was supported by factors including a
strong record of gross domestic product growth and the status of
the U.S. dollar and Treasuries as the global reserve currency
and bond market benchmark.
The continued stable outlook signals the rating is not likely to
change over the next 12-18 months.
The ratings agency said that a downgrade could occur toward the
end of the decade or into the 2020s, however, if fiscal policy
remained unchanged and U.S. budget deficits and the debt ratios
increase. The agency cited spending on social programs as a
concern.
Moody's said the U.S. government's debt to GDP ratio was
stabilizing and noted that the United States remained on track
to post its sixth straight year of expansion. Moody's also noted
that U.S. growth, on a relative basis, compared more favorably
with other triple-A rated economies than it did a year ago.
(Reporting by Sam Forgione Editing by W Simon)
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