Leading investment agency Moody's warned the U.S. government Thursday that its sterling credit rating could be downgraded in the next few weeks if there is no progress in Washington on reaching a deal to increase the nation's borrowing limit.
Moody's Investor's Service said it would place the government's Aaa rating under review for a possible downgrade due to the "very small but rising risk" of a short-lived default if the White House and Republican leaders can't agree on raising the nation's debt ceiling, which has already hit $14.3 trillion.
Moody's announcement followed the lead set by S&P, which announced in April that it was downgrading the U.S. credit outlook to negative over the nation's mounting debt.
How much were they paid to publish this finding.(surely, they were paid since you can't get an opinion without paying a hefty price.
ReplyDeleteIs this the same crew that gave great ratings to the same entities involved in the crappy credit swaps that got us in the current mess in the first place?
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