Moody's warns US government shutdown would be 'credit negative'

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Moody's warns US government shutdown would be 'credit negative'
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Ratings agency Moody's said on Monday a U.S. government shutdown would be 'credit negative' as it would highlight the weakness of U.S. institutional and governance strength compared to other top-rated governments, even though its economic impact will likely be short-lived. The publication of major U.S. economic data of critical importance to policymakers and investors will also be suspended indefinitely should the federal government shut down. 'A shutdown would be credit negative for the US sovereign,' Moody's, which has a triple-A rating for the U.S. government, said in a statement.

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