It used to be Ireland, Portugal, greece. Now the rating agencies are the bosses apparently. Moody’s Investors Service placed the nation’s credit rating under review for a downgrade.
The U.S. has been rated Aaa since 1917, but this has now been put on review. The move the pressure on U.S. lawmakers to increase the government’s $14.3 trillion debt limit. The reasons are concerns that the debt threshold will not be raised to prevent a missed payment of interest or principal on outstanding bonds and notes.
Steven hess, the senior credit officer at Moody’s in New York, said today: “What we’re looking for is a raising of the limit. It doesn’t matter the process that they get there,”
Thursday, July 14, 2011
Moody Places U.S. Under Review
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2011
(510)
-
▼
July
(19)
- Brazilian Real: Most Overvalued Currency in the World
- Jim Rogers Video: U.S. Debtonation
- ERJ, Embraer Profit Rises 51%, Stock Jumps
- Roubini: Greek Package Just Buys Some Politicians ...
- 'Speculators Beware": Brazil Sends New Warning as ...
- The Sad Chart: RIM to Cut 2,000 Jobs, 11% of Workf...
- Moody's and The Greek Tragedy: Downgrades Again an...
- What is Going On? Greece Back on the News: Germany...
- The U.S.' Debt: Worse Than Eurozone 17; Yet No Dow...
- Moody Places U.S. Under Review
- Goldman Sachs O'Neill: Eurozone Will Not Absorb It...
- Inflation Rises to 6.8% in China, Food Prices Soar
- U.N. Says Food Prices To Remain Costly For Years
- Brazil Says Currency Wars Are Still On; More Measu...
- Moodys Downgrades Portugal to Junk Status
- S&P Deals Big Blow To Greece Plans: When A Default...
- Roubini: U.S. Needs More Stimulus; Fiscal Train Wr...
- 3-Years Later... BAC and JPM Cutting The Principal...
- S&P Warns on Greece Again, Mentions It's a Default...
-
▼
July
(19)
No comments:
Post a Comment