The United States, Germany and other major economies could see their top-notch credit rating come under pressure if the recovery in the global economy stalls, Moody’s Investors Service warned Monday in a report.

The ratings of the Aaa governments — which also include Britain, France, Spain and “the less fiscally challenged Denmark, Norway, Finland and Sweden” — “are currently well positioned despite their stretched finances,” Moody’s said in its quarter Sovereign Monitor report.

But the agency noted that “the recovery that has taken hold across the global economy remains fragile in several of the large advanced economies, most of which have also implemented the most aggressively expansionary fiscal and monetary policies.”

Read it all.

Filed under: * Economics, Politics • Economy • Credit Markets • The U.S. Government • Budget • The National Deficit • * International News & Commentary • America/U.S.A. • Europe • Germany

Registered members must log in to comment.