Salient to Investors:
Bill Gross at Pimco said investors should not trust the opinion of Moody’s Investors Service on the US’s Aaa rating and should instead trust S&P, Fitch & Egan Jones for credit ratings. Gross said Moody’s and the US Treasury are one happy family over the US debt limit and potential for a government shutdown.
Moody’s assigns the US a stable Aaa ranking and expects the debt ceiling to be raised, averting a default, and for the government to avoid a shutdown.
Fitch Ratings has a negative outlook on its AAA grade.
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