U.S., U.K. Move Closer to Losing Rating, Moody’s Says

(Bloomberg) -- The U.S. and the U.K. have moved “substantially” closer to losing their AAA credit ratings as the cost of servicing their debt rose, according to Moody’s Investors Service. The governments of the two economies must balance bringing down their debt burdens without damaging growth by removing fiscal stimulus too quickly, Pierre Cailleteau, managing director of sovereign risk at Moody’s in London, said in a telephone interview... http://www.bloomberg.com/apps/news?pid=20601068&sid=a0a8xAghPS8I