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Al Jazeera
Al Jazeera
Business

A US gov’t shutdown could negatively affect its credit, Moody’s warns

The longer the shutdown lasts, the more negative its impact would be on the broader US economy [File: Mariam Zuhaib/AP Photo]

A US government shutdown would negatively affect the country’s credit, credit rating agency Moody’s has warned, one month after Fitch downgraded the United States by one notch on the back of a debt ceiling crisis.

US government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting October 1.

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