5:26am

Fri July 19, 2013
Business

Moody's Investors Service Upgrades U.S. Debt

Originally published on Fri July 19, 2013 8:45 am

Moody's lifted the rating from "negative" to "stable" and affirmed the country's AAA rating. In a statement, it said the U.S. economy has demonstrated resilience in the face of major cuts to government spending. The country is on track to report its lowest annual deficit in five years.