1. Welcome to Baptist Board, a friendly forum to discuss the Baptist Faith in a friendly surrounding.

    Your voice is missing! You will need to register to get access to all the features that our community has to offer.

    We hope to see you as a part of our community soon and God Bless!

Moody’s Text: To Downgrade US If No Deal To Cut Debt/GDP Ratio

Discussion in 'News & Current Events' started by Revmitchell, Sep 12, 2012.

  1. Revmitchell

    Revmitchell Well-Known Member
    Site Supporter

    Joined:
    Feb 18, 2006
    Messages:
    52,013
    Likes Received:
    3,649
    Faith:
    Baptist
    WASHINGTON (MNI) – The following is the text of a statement Tuesday
    by rating agency Moody’s:

    Budget negotiations during the 2013 Congressional legislative
    session will likely determine the direction of the US government’s Aaa
    rating and negative outlook, says Moody’s Investors Service in the
    report “Update of the Outlook for the US Government Debt Rating.”

    If those negotiations lead to specific policies that produce a
    stabilization and then downward trend in the ratio of federal debt to
    GDP over the medium term, the rating will likely be affirmed and the
    outlook returned to stable, says Moody’s.

    If those negotiations fail to produce such policies, however,
    Moody’s would expect to lower the rating, probably to Aa1.

    http://www.forexlive.com/blog/2012/...downgrade-us-if-no-deal-to-cut-debtgdp-ratio/
     
  2. billwald

    billwald New Member

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    2
    Doesn't matter because interest rate on government paper is artificially low, anyway.

    Doesn't matter until Moody's gives a higher rating to the euro and the yuan.
     
Loading...