The Congressional Budget Office’s more positive forecast for the federal government’s budget and debt are a “positive” for the United States’ credit, Moody’s Investors Service said in a report Monday.

“The new figures in the [CBO’s] baseline scenario, based on current law and assuming no additional policy measures, show an improvement of government debt-to-gross domestic product trends over the ones presented in the agency’s February report, a credit positive for the U.S.,” Moody’s said.

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