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Moody’s Expects To Cut US Rating Without Deal To Lower Debt/GDP Ratio

Posted By admin On September 11, 2012 @ 8:13 am In Featured Stories | Comments Disabled

Forex Live [1]
Sept 11, 2012

  • Budget negotiations likely to determine AAA rating and outlook
  • If budget talks do not produce downward trend in debt-to-GDP ratio, rating likely to be lowered to AA1
  • Assumes “relatively orderly” process for increasing debt limit
  • The full Moody’s statement is here [2]

For whoever wins the election, getting the votes from the public will be the easy part. Getting the votes in Congress will be painful.

 


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URLs in this post:

[1] Forex Live: http://www.forexlive.com/blog/2012/09/11/moodys-expects-to-cut-us-rating-without-deal-to-lower-debtgdp-ratio/

[2] The full Moody’s statement is here: http://www.forexlive.com/blog/2012/09/11/moodys-text-to-downgrade-us-if-no-deal-to-cut-debtgdp-ratio/

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