Moody's Threat to Downgrade US Debt is Political, Not Fiscal | Common Dreams

Moody's Threat to Downgrade US Debt is Political, Not Fiscal | Common Dreams
"Moody's threat this week to downgrade the US government's credit rating says a whole lot more about the credit rating agency than it does about the US debt situation. It is really a way of telling the world that Moody's is making a political statement, rather than an assessment of risk for investors who want actual information about US Treasury securities. This is really an embarrassment for Moody's – since they are supposed to be evaluating risk – although most of the media didn't seem to notice."