US Treasury Secretary defends country’s AAA bond rating
US Treasury

US Treasury Secretary Timothy Geithner has said that country’s AAA debt rating was not in danger.

Mr. Geithner’s comments emerged in wake of Moody's Investors Services’ warning that the US treasury bonds could lose their triple-A rating unless the Government reduces federal budget deficit.

When asked whether the country would lose its top rating, Mr. Geithner said, "That will never happen to this country."

It may be noted here that Obama administration has recently predicted a $1.6 trillion budget deficit in 2010, while the Congress raised the debt limit to more than $14 trillion.

In an interview with ABC's ‘This Week’, Mr. Geithner added that investors around the world would continue turning to the US Treasury securities and dollar-dominated assets whenever question of global stability would arise.

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