Tuesday, September 11, 2012

Moody's Warns That U.S. Credit Rating To Be Cut Again

Moody's Investor Services offices in New York. (Reuters)

Moody's Warns Of U.S. Credit Rating Cut If Debt Problems Continue -- L.A. Times

WASHINGTON -- Moody's Investor Services warned Tuesday that it likely would downgrade the U.S. AAA credit rating if government officials don't deal with the nation's debt problems.

The credit rating firm said negotiations between Congress and the White House on the nation's 2013 budget, and whether they will reduce the high ratio of debt to gross domestic product, will be key to maintaining its top credit rating.

Read more ....

More News On Moody's Issuing A Warning That The U.S. Credit Rating Is To Be Downgraded Again

Moody's warns could lower US triple-A rating -- AFP
Moody’s Says U.S. Faces Aaa Cut Without Budget Deal in 2013 -- Bloomberg
Moody's set to downgrade US without budget deal -- Boston.com/AP
Moody's Cautions of Possible U.S. Downgrade in 2013 -- Wall Street Journal
Moody's says looking for downward U.S. debt trajectory -- Reuters
Moody's: Congress must reach fiscal deal to avert downgrade -- The Hill
Moody’s Warns of US Debt Downgrade -- ABC News
Moody's Says U.S. Has Until End Of 2013 To Save AAA Rating -- Forbes

My Comment: This approaching fiscal cliff reminds me of the intelligence warnings before 9/11 .... everyone heard the warnings .... but choose to ignore them.

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