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S&P, Moody's Warn On U.S. Credit Rating
Wall Street Journal ^
| January 13, 2011
| Mark Brown and Nathalie Boschat
Posted on 01/13/2011 6:17:57 AM PST by Zakeet
Two leading credit rating agencies on Thursday cautioned the U.S. on its credit rating, expressing concern over a deteriorating fiscal situation that they say needs correction.
Moody's Investors Service said in a report Thursday that the U.S. will need to reverse an upward trajectory in the debt ratios to support its triple-A rating.
"We have become increasingly clear about the fact that if there are not offsetting measures to reverse the deterioration in negative fundamentals in the U.S., the likelihood of a negative outlook over the next two years will increase," said Sarah Carlson, senior analyst at Moody's.
Standard & Poor's Corp. on Thursday also didn't rule out changing the outlook for its U.S. sovereign-debt rating because of the recent deterioration of the country's fiscal situation. The U.S. currently has a triple-A rating with a stable outlook at both agencies.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: economy; moodys; ratings; sp; usdebt
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... and every one percent hike in interest rates adds another $140 billion to the deficit ... and if S&P and Moody's cut the US credit ratings, interest expense will soar ... which will put further pressure on credit ratings ... which will increase borrowing costs ...
1
posted on
01/13/2011 6:17:59 AM PST
by
Zakeet
To: Zakeet
Oh who cares he healed us all last night.
2
posted on
01/13/2011 6:24:08 AM PST
by
redk
To: The Comedian
3
posted on
01/13/2011 6:24:31 AM PST
by
houeto
(Government derives its just powers from the consent of the governed.)
To: Zakeet
4
posted on
01/13/2011 6:27:15 AM PST
by
Oldeconomybuyer
(The problem with socialism is that you eventually run out of other people's money.)
To: Zakeet
Every Freeper knew this was coming.
5
posted on
01/13/2011 7:07:16 AM PST
by
kidd
To: Zakeet
Are these the same Moody’s that rated the collateralized mortgage obligations and securitizations AAA?
Moody’s is a scam, they have no Idea what they are talking about...Rating is supposed to be based on the ability to PAY, the U.S uses Fiat money, IT CAN ALWAYS PAY BACK IT’S DEBT!
6
posted on
01/13/2011 7:11:46 AM PST
by
jrl1
(t)
To: Bullish; CJ Wolf; houeto; Quix; B4Ranch; Whenifhow; Silentgypsy; blam; FromLori; Lurker; ...
Order-this-special-When-The-Dollar-was-Valuable-commemorative-silver-coin-for-your-children-who-missed-the-actual-experience ping.
(Thanks for the ping houeto!)
"Economic Holocaust" ping.
Increasing volume ping list watching the slow motion Economic Holocaust.
FReepmail me if you want on or off
The Comedian's "Economic Holocaust" ping list...
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
7
posted on
01/13/2011 7:40:27 AM PST
by
The Comedian
(Sarah Palin: America's last, best hope.)
To: Zakeet
I wish Barry would open his eyes.
8
posted on
01/13/2011 7:42:50 AM PST
by
JPG
(YES SHE CAN!)
To: The Comedian
Like watching Gomez Addams' train wreck in slow-motion...
9
posted on
01/13/2011 7:44:27 AM PST
by
COBOL2Java
(Obama is the least qualified guy in whatever room he walks into.)
To: Zakeet
Moody’s and Std & Poor’s better watch that kind of talk or Obama will send some of his ChiKago goons over to have a nice little chat with them.
10
posted on
01/13/2011 7:46:22 AM PST
by
OB1kNOb
(You are free to choose your actions, but never the resulting consequences.)
To: JPG
I wish Barry would open his eyes. Oh, but they are open.
11
posted on
01/13/2011 7:48:57 AM PST
by
Lurker
(The avalanche has begun. The pebbles no longer have a vote.)
To: JPG
I wish Americans (FReepers excluded) would open their eyes.
12
posted on
01/13/2011 7:52:50 AM PST
by
Jane Long
(2 Chron 7:14)
To: Zakeet
Moody’s helped Mark Warner get a tax hike with false ‘credit warnings’ for Virginia.
Didn’t work for Kaine though, so I guess they’re just lying here to help Dems get the debt limit raised.
13
posted on
01/13/2011 7:56:37 AM PST
by
mrsmith
To: Jane Long
Bottom line is kill the baby-boomers (terminal health care) ASAP. Save money and confiscate all their property via the death tax.
Problem solved. Welcome to socialist utopia, just be sure to die young.
14
posted on
01/13/2011 8:27:21 AM PST
by
Huebolt
(It's not over until there is not ONE DEMOCRAT HOLDING OFFICE ANYWHERE. Not even a dog catcher!)
To: Zakeet
What an offensive picture! Steve Urkel was a likable character...
15
posted on
01/13/2011 8:39:52 AM PST
by
OneWingedShark
(Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
To: COBOL2Java
That image is going to make it into regular rotation. Kudos.
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
16
posted on
01/13/2011 8:55:34 AM PST
by
The Comedian
(Sarah Palin: America's last, best hope.)
To: The Comedian
I wonder if the times-a-comin’ where the market will demand we issue Treasury debt in another currency like Canadian Dollars or Chinese Yuan. Or even a precious metal.
To: Zakeet
Wow! It MUST be bad if even Johnny come lately Moody’s and S&P have noticed the credit deterioration...
18
posted on
01/13/2011 10:42:47 AM PST
by
April Lexington
(Study the Constitution so you know what they are taking away!)
To: April Lexington
Wow! It MUST be bad if even Johnny come lately Moodys and S&P have noticed the credit deterioration... The credit evaluation agencies noticed the problem years ago. Their whole exercise is, after all, nothing more than ginning a few financial ratios. They kept their mouths shut due to browbeating by Treasury and the Fed.
What's different is the problem has become so critical and so obvious that these clowns are now more afraid of class action lawyers than their government masters.
And that is indeed bad!
19
posted on
01/13/2011 10:57:06 AM PST
by
Zakeet
(Always trust in the five G's: God, Gold, Guns, Grub, and the Government screwing up)
To: Zakeet
Raising the debt ceiling will cure that. /s
20
posted on
01/13/2011 10:58:29 AM PST
by
RckyRaCoCo
(I prefer liberty with danger to peace with slavery, IXNAY THE TSA!)
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