ALSO READPSU Banks' capital raises are credit positive: Moody's Higher NPA provisioning to impact banks in 2018/19: Moody's Moody's affirms Oil India's Baa2 ratings; lowers BCA to baa3 Moody's lowers OIL's baseline credit rating to baa3 from baa2 Moody's & ICRA: Differences between capital profiles of India's public and private sector banks will narrow; NPAs may peak in 2018
The U.S. Treasury Department will exhaust all of its borrowing options and run dry of cash to pay its bills by late March or early April if Congress does not raise its borrowing limit, the Congressional Budget Office has said.
Fitch's head of sovereign ratings James McCormack told Reuters that even if Washington then continued to make interest payments on its main government bonds, not meeting other domestic obligations "would not be compatible with 'AAA' status."
During the debt ceiling showdown in August 2011, Standard & Poor's stripped the United States of its highest rating. It has since then kept a slightly less sterling grade of AA+ on the world's largest economy. Like Fitch, Moody's Investors Service has maintained its top credit rating on the United States.
(Reporting by Marc Jones, editing by Karin Strohecker)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)