Moody’s Sees Low Chance of U.S. Default as Shutdown Persists
This article is for subscribers only.
Moody’s Investors Service said it sees a “very low” chance the U.S. will default on its debt payments as a stalemate between President Barack Obama and House Republicans showed little sign of thawing.
The impact of the partial government shutdown on the economy may not be particularly damaging in the short term, and the effect would be seen gradually over time if it was an extended one, Chief Executive Officer Ray McDaniel said in a Bloomberg Television interview in Bali on Oct. 5.