Widening U.S. fiscal deficit a growing worry, says Scope Ratings [Yahoo! Finance Canada]
Moody's Corporation (MCO)
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Source: Yahoo! Finance Canada
Europe-based rating firm Scope rates the United States AA with a negative outlook. It next reviews the rating on November 22, just over two weeks after a tight presidential election. In the note, seen by Reuters on Thursday, Scope said unless the party of the winning candidate secures majorities in both the House of Representatives and the Senate, the United States is headed for another debt-ceiling crisis in early 2025. The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, the Treasury Department said on Friday. The International Monetary Fund's fiscal chief meanwhile said on Wednesday the U.S. debt path is still sustainable and policymakers have many options to bring debt under control and an enviable combination of strong growth and easing financial conditions. Scope said that while the United States benefited from the dollar's role as the world's No.1 currency and the deepest capital markets globally, the widening fiscal de
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MCO
Earnings
- 10/22/24 - Beat
MCO
Sec Filings
- 11/18/24 - Form 4
- 11/15/24 - Form 144
- 11/12/24 - Form 4
- MCO's page on the SEC website