Moody’s, Standard & Poor’s Warn About U.S. Credit Rating

Currently, Moody’s and Standard & Poor’s give the United States the highest possible credit rating. But that could change if America’s financial health continues to deteriorate. From the Wall Street Journal’s Nathalie Boschat, Mark Brown, and Mark Gongloff on January 14:

With attention focused on sovereign-debt worries in Europe, two major credit-rating firms reminded investors again that the U.S. has debt problems of its own…

Moody’s Investors Service said in a report on Thursday that the U.S. will need to reverse the expansion of its debt if it hopes to keep its “Aaa” 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,” Sarah Carlson, senior analyst at Moody’s, said.

Separately, Carol Sirou, head of Standard & Poor’s France, told a Paris conference on Thursday that the firm couldn’t rule out lowering the outlook for the U.S. rating in the future.

“The view of markets is that the U.S. will continue to benefit from the exorbitant privilege linked to the U.S. dollar” to fund its deficits, Ms. Sirou said. “But that may change.”

U.S. government debt has surged to an all-time high, topping $14 trillion, or $45,300 owed by each American.

Source:

Boschat, Nathalie, Brown, Mark, and Gongloff, Mark. “S&P, Moody’s Warn On U.S. Credit Rating.” Wall Street Journal. 14 Jan. 2011. (http://online.wsj.com/article/SB10001424052748703583404576079311379009904.html?mod=WSJ_WSJ_News_BlogsModule). 17 Jan. 2011.

Tags: , , ,

Tuesday, January 18th, 2011 Debt Crisis, Government

1 Comment to Moody’s, Standard & Poor’s Warn About U.S. Credit Rating

  1. […] debt ceiling is like playing with fire, says Senator Schumer. Credit Bureaus Moody’s and S&P warn about the U.S. credit rating. But economist Bob McTeer thinks they’re out of line. And what a […]

  2. A Weekly Round-Up of Small-Business News - NYTimes.com on January 24th, 2011

Leave a comment



Please Rate this Blog HERE
Christopher E. Hill, Editor
10,773 Visits February 2015
550,836 Visits 11/22/10-2/28/15

Limited Time Offers

Via Banner Ads Below (navigate to vendor home page if necessary):
ANY CHARACTER HERE
+Airsoft Megastore 25% Off Order Or Free Shipping (codes req.)
ANY CHARACTER HERE
+BUDK $4.99 Flat Rate Shipping (code req.)
ANY CHARACTER HERE
+BulletSafe Bulletproof Baseball Cap $119 Pre-Order Price; Bulletproof Backpack Panel $99
ANY CHARACTER HERE
+JM Bullion 1 Oz. Sunshine Silver Bar 99¢/Oz. Over Spot Any Qty.
ANY CHARACTER HERE
+My Patriot Supply Survival Seed Vault $29.95
ANY CHARACTER HERE
+Nitro-Pak Mountain House Freeze-Dried Food Up To 50% Off All #10 Cans/Pouches; $540 Value Bonus Pak Free With Select Food Kits
NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
Free UPS ship to store on all Tractor Supply Company orders! Shop now! Tractor Supply Co. Review Coming Soon
ANY CHARACTER HERE
JM Bullion Reviewed HERE
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
ANY CHARACTER HERE
Food Insurance Reviewed HERE
ANY CHARACTER HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
CHIEF Supply Reviewed HERE
ANY CHARACTER HERE
BulletSafe Reviewed HERE
ANY CHARACTER HERE
Survival Titles Save 20% Paladin Press Reviewed HERE
ANY CHARACTER HERE
BUDK Reviewed HERE
ANY CHARACTER HERE
 Buy 4 of any ammo, pay for 3! Lowest priced ammo is free. PyramydAir.com Reviewed HERE
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE
ANY CHARACTER HERE
 

Categories

Archives