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US Rating Close to ‘Junk’: Independent Strategist

Posted By admin On July 14, 2011 @ 3:28 am In Money Watch | Comments Disabled

CNBC.com [1]
July 14, 2011

Moody’s Rating Agency on Wednesday placed the U.S. triple-A rating on review for a downgrade [2] in the coming weeks on mounting concern that lawmakers will fail to raise the debt limit. But one independent rating agency is going even further.

US Rating Close to Junk: Independent Strategist  capital building cash new 200

“The Weiss ratings is very close to downgrading the sovereign debt of the United States one more notch to a ‘C-’, which will put it just one notch above junk,” Martin Weiss, President of Weiss Ratings told CNBC on Thursday.

In April, Weiss Ratings gave the U.S. sovereign debt rating a ‘C’ [3].

Moody’s warning came as the White House and President Barack Obama are locked in tense negotiations [4]to raise the $14.3 trillion debt ceiling by August 2 or risk a default. Fed chairman Ben Bernanke has told a U.S. House of Representatives panel that failure to increase the ceiling will immediately cut government spending by 40 percent.

Full article here [1]

US Rating Close to Junk: Independent Strategist  150709banner2 [5]

Stock up with Fresh Food that lasts with eFoodsDirect (AD) [6]


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URL to article: http://www.prisonplanet.com/us-rating-close-to-junk-independent-strategist.html

URLs in this post:

[1] CNBC.com: http://www.cnbc.com/id/43748858

[2] Moody’s Rating Agency on Wednesday placed the U.S. triple-A rating on review for a downgrade: http://www.cnbc.com/id/43746061/

[3] Weiss Ratings gave the U.S. sovereign debt rating a ‘C’: http://www.cnbc.com/id/42871647/?US_Debt_Rating_Should_Be_C_Independent_Agency

[4] White House and President Barack Obama are locked in tense negotiations : http://www.cnbc.com/id/43748897/

[5] Image: http://www.prisonplanet.tv/

[6] Stock up with Fresh Food that lasts with eFoodsDirect (AD): http://www.efoodsdirect.com/

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

[8] Moody’s strips Britain of triple-A rating in major blow to Osborne: http://www.prisonplanet.com/moodys-strips-britain-of-triple-a-rating-in-major-blow-to-osborne.html

[9] EU declares war on agencies as Ireland’s rating gets junk status: http://www.prisonplanet.com/eu-declares-war-on-agencies-as-irelands-rating-gets-junk-status.html

[10] Moody’s Cuts Portugal Rating by Two Notches: http://www.prisonplanet.com/moodys-cuts-portugal-rating-by-two-notches.html

[11] Moody’s Expects To Cut US Rating Without Deal To Lower Debt/GDP Ratio: http://www.prisonplanet.com/moody%e2%80%99s-expects-to-cut-us-rating-without-deal-to-lower-debtgdp-ratio.html

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