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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

    Feb 18, 2006
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    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.

  2. billwald

    billwald New Member

    Jun 28, 2000
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    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.