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Moody’s May Cut US Rating on Tax Package

Posted By admin On December 14, 2010 @ 4:29 am In Money Watch | Comments Disabled

Reuters [1]
Dec 14, 2010

Moody’s warned Monday that it could move a step closer to cutting the U.S. Aaa rating if President Obama’s tax and unemployment benefit package becomes law.

The plan agreed to by President Obama and Republican leaders last week could push up debt levels, increasing the likelihood of a negative outlook on the United States rating in the coming two years, the ratings agency said.

A negative outlook, if adopted, would make a rating cut more likely over the following 12-to-18 months.

For the United States, a loss of the top Aaa rating, reduce the appeal of U.S. Treasuries, which currently rank as among the world’s safest investments.

Full article here [1]

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Moodys May Cut US Rating on Tax Package 011210banner3 [3]


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URLs in this post:

[1] Reuters: http://www.cnbc.com/id/40641123

[2] Stock up for the Holidays with eFoods Direct and get FREE Shipping!: http://www.efoodsdirect.com/2010-holiday-special/?aid=14&adid=48

[3] Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502

[4] S&P Affirms US AAA Rating, Cuts Outlook to Negative: http://www.prisonplanet.com/sp-affirms-us-aaa-rating-cuts-outlook-to-negative.html

[5] Bush’s Final Approval Rating 22 Percent, CBS News-N.Y. Times Poll Finds President Will Leave Office With Lowest Final Approval Rating Ever: http://www.prisonplanet.com/bushs-final-approval-rating-22-percent-cbs-news-ny-times-poll-finds-president-will-leave-office-with-lowest-final-approval-rating-ever.html

[6] Moody’s Warns There Is Increased Likelihood Of Negative Outlook To US AAA Rating In Next 2 Years: http://www.prisonplanet.com/moodys-warns-there-is-increased-likelihood-of-negative-outlook-to-us-aaa-rating-in-next-2-years.html

[7] United States tipped to lose another AAA credit rating: http://www.prisonplanet.com/united-states-tipped-to-lose-another-aaa-credit-rating.html

[8] US Debt Rating Should Be ‘C’: Independent Agency: http://www.prisonplanet.com/us-debt-rating-should-be-c-independent-agency.html

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