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"The outcome of the forthcoming US Presidential election will not impact the United States' Aaa stable credit rating, says Moody's Investors Service in a report.
That credit rating reflects the US sovereign's very high economic and institutional strength, strong debt affordability and its very low susceptibility to event risk given the role of the US dollar as global reserve currency and US Treasuries as global bond benchmark. These credit strengths indicate the credit rating is resilient to policy shifts or changes in government.
However, spending on non-discretionary social programs is projected to cause the federal deficit to widen significantly over the medium term, which will weaken the US' credit profile if not addressed. The choices made during the next US administration regarding fiscal policy and entitlement spending will have a greater impact on the medium-term credit profile of the United States than has been the case in the recent past, according to the report "Next President's fiscal policies will drive US's credit profile".
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