US outlook is stable: Moody's

(MENAFN) Moody's Investor's Services revised the US outlook to stable after announcing that the government's debt has stabilized. The company stated that US economy is growing moderately, reported Khaleej Time. Moody's warned the US of the possible downgrade two years ago saying that the country's economy was falling. The economic growth for next year is predicted to be the fastest since 2006, and this year's deficit will be the smallest in five years, stated the Congressional Budget Office.