Despite doomsday predictions, neither the government shutdown nor the upcoming debt ceiling debate will negatively affect U.S. creditworthiness, according to Moody's Investors Service.
The credit rating company, which predicted last month that Congress would avoid a shutdown, said Monday that the United States would continue to pay off its debts no matter what happens with the budget impasse.
"The shutdown has no effect on the government's ability to pay interest and principal on its debt obligations," the report said, "and therefore does not directly affect the government's creditworthiness."
Moody's has said such short-term disruptions will not lead to a downgrade of the nation's AAA credit rating. Even a delay in raising the $16.7-trillion debt ceiling will not affect the country's rating, it said.