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
For whoever wins the election, getting the votes from the public will be the easy part. Getting the votes in Congress will be painful.
This article was posted: Tuesday, September 11, 2012 at 8:13 am
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