Archive | July, 2011

National Debt Hot Potato

Posted on 28 July 2011

Moody’s Places U.S. on Review for Ratings Downgrade

Posted on 13 July 2011

Amid concerns about the national debt and the debt ceiling, Moody’s put the U.S. credit rating under review for a downgrade.

The U.S., rated Aaa since 1917, was put on review for the first time since 1995 on concern the debt limit will not be raised in time to prevent a missed payment of interest or principal on outstanding bonds and notes even though the risk remains low, Moody’s said. The rating would likely be reduced to the Aa range and there is no assurance that Moody’s would return its top rating even if a default is quickly cured.

Read the whole thing here