Thursday, July 18, 2013
Credit: Reuters/Mike Segar
A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011.
Moody's raised the U.S. sovereign outlook to stable from negative, noting that the federal government's debt trajectory is on track with criteria previously laid out by the rating agency.
The economy is growing moderately, but it is still "progressing at a faster rate compared with several Aaa peers and has demonstrated a degree of resilience to major reductions in the growth of government spending," Moody's said in a statement.
(Reporting by Luciana Lopez)
