Posted on 07/30/2011 7:08:34 AM PDT by EBH
Moody's Investors Service said late Friday that the United States should be able to keep its triple-A credit rating as long as Washington works out a deal that lets it continue to pay bondholders.
The credit rating agency said it thinks that even if the nation's $14.3 trillion borrowing limit isn't raised by Tuesday's deadline, the government would give priority to making interest payments on its debt and thereby avoid a default.
Moody's had warned July 13 that the country's credit rating was in danger of being downgraded because of the stalemate in Congress over raising the debt limit.
In its statement Friday, however, Moody's said that based on its current review it would likely rate the U.S. debt as triple-A but with a negative outlook. That would mean that there is a possibility of a downgrade in the future.
"If there were a default on a Treasury debt obligation, a downgrade would likely follow, even if the default were swiftly cured and investors suffered no permanent losses," Moody's said in its new report.
(Excerpt) Read more at finance.yahoo.com ...
In the real world entities that are as over leveraged as the U.S. is loses its high credit rating.
Up is down - bankrupt is solvent.
The two ring circus becomes a three ring circus and I’m still buying popcorn futures.
What a complete joke. I’m ashamed of my country.
Whom do you imagine tells Moodys waht to issue as ratings? The globalist benaking oligrachs of course. Would the gloablist chop the head off of their golden goose before it is finally destroyed? No. So long as there is a chance this nation will resolve our crushing debt and then dump the federal reserve, those who own the federal reserve banks will keep the decline moving (ever so slowly at times, following a sine curve with a purpose in the swings) toward the ‘final solution’ which will involve the utter collapse of American independence from the global governance and global economic system without the dollar at the center. Barry bassturd’s hope is for America to be an also ran and his change is the destruction of American sovereignty, to be replaced by a mere equal seat at the global table run by the final powers, the banking elite.
Agree because the credit rating is going to drop anyway.
Obama&Co. have us so far in the hole it will take years to recover,China winks.
I think I would for now...
:]
Boehner went from being Da Man last Friday to Smee’s pussy cat.
My hope is the House votes down smee’s plan and leaves zee-rho hanging.
This bs from DC has got to stop. Now is not the time to vote for the best you can get...now is the time to strike boldly and strong. CUT spending NOW, not 10 years down the road.
Moody’s should love that...rating is saved, interest does not spike and we can get on with trying to salvage our own good lives.
If not US, then who? If not now, when? ;’) Thanks EBH.
*ptoooie!*
Wow.
It was starting to dissolve.
I’m a simple woman.
I just want it ~all~.
I should have Boner’s job.
:)
I see Moody’s blinked! The deadline passed with no resolution. So much for Moody’s threats!
Is this the same Moody’s that gave Triple A rating to all those pureed MBSs? Thought so....
I think I saw this scene in Jurassic Park.
shorthand for If I recall correctly.
Unexpected
I’ll say this.
I ain’t buying no gunmint bonds.
Ever.
gubmint* even
Way back when the establishment strategy was to panic the public Moody's was saying we should eliminate debt ceilings altogether.
And yes they were being threatened by the 0 administration.
Since it appears we may miss the deadline, after all, because of those awful and unreasonable Tea Party hobbits, it seems the establishment now wants a different tune sung.
Bond holders were never not going to get paid their interest, btw.
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