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Showing posts with label Moody's. Show all posts
Showing posts with label Moody's. Show all posts
Friday, June 21, 2013
Thursday, September 13, 2012
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."
"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."
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