July 13, 2011 / 9:11 PM / 8 years ago

Moody's puts U.S. ratings on review for downgrade

NEW YORK, July 13 (Reuters) - The United States may lose its top-notch credit rating in the next few weeks if lawmakers fail to increase the country’s debt ceiling, forcing the government to miss debt payments, Moody’s Investors Service warned on Wednesday.

Moody’s was the first among the big-three rating agencies to place the United States’ Aaa rating on review for a possible downgrade, which means a negative rating action is impending.

In a statement, Moody’s said it sees a “rising possibility that the statutory debt limit will not be raised on a timely basis, leading to a default on U.S. Treasury debt obligations.” (Reporting by Walter Brandimarte and Daniel Bases; Editing by Leslie Adler)

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