Government Shutdown Could Hurt U.S. Credit Rating

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As we've been reporting, the US government is on the verge of a shutdown. If it happens, the country's credit rating could come under pressure. That's according to Moody Investor Services. While a brief shutdown is unlikely to hurt the broader US economy, it would highlight the weakness of the country, quote, institutional and governance strength compared to other AAA rated nations. Again, according to Moody's, the credit rating agency is just one of three to rate the US with a AAA rating. The deadline for the government shutdown. October 1st.