Moody’s: US government’s AAA stable despite increased debt burden

Moody’s has formally affirmed the AAA rating of the US government despite the increased debt burden on the government. US economic strength will emerge after the crisis without major impairment, the ratings agency says. The trajectory of US debt could put pressure on the rating in the future, Moody’s says.

The dollar weakened sharply last week after the UK’s debt outlook was lowered but expect any rebound on the affirmation to be modest.