- LONDON: Moody's Investors Service says the United States and Britain are more likely than Germany and France to witness an embarrassing downgrade of their top debt rating.
In a quarterly report assessing the prospects of the triple A countries, including Spain and the “less fiscally challenged” Denmark, Finland, Norway and Sweden, Moody's warned that the economic recovery remained fragile in many advanced economies.
Arnaud Mares, senior vice president in Moody's sovereign risk group and the main author of the report, said “This exposes governments to substantial execution risk in the implementation of their exit strategies, which could yet make their credit more vulnerable.” For now though, Moody's said the triple A governments don't face an immediate threat to their top ratings.