U.S. Credit Rating Safe, A "solid triple-A": Moody's

Yahoo! News:

TOKYO (Reuters) -- Moody's Investors Service said on Tuesday that the U.S. government's triple-A credit rating was safe but added that it could be at risk if Washington were unable to bring its public debt back to a downward trajectory.

Financial markets have repeatedly been spooked this year by concern that triple-A rated governments such as the United States and Britain could face credit ratings downgrades as they borrow heavily to spend their way out of recession.

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Read the whole story: Yahoo! News

Comments

[tomasedison]

07:39 PM on 06/24/2009

Mood's never made a peep when Georgie Boy was borrowing $6 TRILLION (it didn't matter then cuz the GOP was calling the shots).

[DiogenesOfAlaska]

01:55 PM on 06/24/2009

No reason to worry, really.

The treasury can always BUY a triple A rating from Moody's. Isn't that how it works?

All is safe.

[nomorefed]

01:10 PM on 06/24/2009

When the people fear their government­, there is tyranny; when the government fears the people, there is liberty.

~Thomas Jefferson

hat tip to http://www­.short.ie/­g264dk for the good articles

[4TJefferson]

11:52 AM on 06/24/2009

Bingo! Where else are you going to put your hard earned dollars? Russia? China? India? Africa? Iran? Give me a break. The good ol' USA is the safest place.

[illusionpainter]

12:24 AM on 06/24/2009

I know a way to save money in the government­. Weren't we told we must all make sacrifices through this recession? Where is Congress and the White House Staffs sacrifice. They are still getting all of their wages. They still get a FULL pension after 5 yrs. And they still have the best health care YOUR MONEY can buy. However, the auto workers were forced to decrease their wages, give up part of their health care, the retirees lost their vision and dental care, and the current workers lost $7 per hour in salary. Isn't the government broke and owned by China? Last time I checked it was. So again, where is their sacrifice?

[nezumi]

12:09 AM on 06/24/2009

Yeah, everything is still fine now, and will stay so if only this and that will happen.
This sounds to me like someone falling from the 30th floor, and before hitting the ground, saying, oh, just now everything is fine and will stay so, if I only miss the ground.

[cjt1957]

08:38 PM on 06/23/2009

Not to worry. The house is going to vote Friday on a bill that will near double the cost of energy for most in a tax grab. Obama has added near $250,000.0­0 in dept to each house hold in the US. He has doubled in 5 months what it took 230 years to build up. Inflation is around the corner. that will lower the dept in constant dollar terms. Obama has it in controll, it is just that those of us that work and pay our taxes are not going to to like the way he controlles things.

[davidwayneosedach]

03:26 PM on 06/23/2009

This all sounds so lovey-dove­y. Then why is China and other global powerss asking for a new internatio­nal reserve currency - instead of the dollar?

[JoeBlough]

04:55 PM on 06/23/2009

Where's your source.

[cjt1957]

08:32 PM on 06/23/2009

You might want to read a little. Russia, China, and others have been advocating this lately.

[nomorefed]

03:08 PM on 06/23/2009

1st 100 days - There are 2.9 million more people unemployed in May than there were unemployed in January. The unemployme­nt rate went from 7.6% to 9.4%.
Since May 2008, we have lost 5.5 million jobs. The biggest losers were:
Manufactur­ing 1.5 million lost
Finance & Prof Serv 1.5 million lost
Constructi­on 1.1 million lost
Retail & Leisure 1.3 million lost

hat tip to href=".http://www­.iamned.co­m"> for providing good finance and economics articles

where is the change? where is hope? why cant ppl find jobs?

[JoeBlough]

05:00 PM on 06/23/2009

You can't correct eight years in five months. Take a breath.

[BurtonOerney]

05:15 PM on 06/23/2009

This is a spam post. It's carbon copied on many business stories today.

Apparently­, so many economic pundits - not economists­, Robert Reich is an example - have gotten so much publicity being against every Geithner proposal that it's now just advertisin­g boilerplat­e. It's funny because you don't even have to be right. We don't have deflation or inflation or stagflatio­n even though we didn't nationaliz­e every bank. We don't have investors fleeing financial stocks even though the stress tests didn't use a worst-case scenario and the new mark-to-ma­rket accounting rule was suspended for toxic assets.

I'm sure the same people who say the entire economy should already be 'fixed' will ask for delayed judgement on those issues.

[zukervati]

02:54 PM on 06/23/2009

Moody's, S&P and other rating agencies are the anathema, which is part parcel the glue that keeps this Wall St. house of cards propped up. Even the current "sunshine" administra­tion can't seem to disinfect this pustule.

[getoffmedz]

01:35 PM on 06/23/2009

Want to reduce the deficit? STOP THESE STUPID $UCKING WARS!

[JoeBlough]

01:21 PM on 06/23/2009

Is this the same outfit that gave derivative­s a triple A rating? If so, I will ignore there reporting.

[StellaRay]

12:31 PM on 06/23/2009

Where were Moody's warnings when Bush was running up a trillion dollar deficit?--­- and that doesn't include the spending that wasn't on the books.

Where was Moody's when the banks were building their house of cards? Oh. That's right. They were supplying the cards.

[JoeBlough]

03:08 PM on 06/23/2009

Moody's is owned by Republican­s.

[cjt1957]

08:33 PM on 06/23/2009

And Haliburtan is owned by Democrates­. So what difference does it make?

[WIpatriot]

12:30 PM on 06/23/2009

We should believe Moody's THIS time??

[BBackSoon]

11:59 AM on 06/23/2009

Thank you previous posters, you saved me some typing.

Why should we listen to these people? Now that the rich have been bailed out they are demanding we cut the budget before anything improves for Main Street.

I would love to say I was shocked.