The U.S. rating could be cut the next day if the government misses a debt payment, a senior...

|By:, SA News Editor

The U.S. rating could be cut the next day if the government misses a debt payment, a senior Moody's credit officer says. "Since we feel the rating is not likely to return to triple-A [after a missed payment, we could] downgrade them the next day," Steven Hess says, adding that the example is hypothetical and he doesn't expect such an occurrence.