Moody’s expects to cut US rating without deal to lower debt/GDP ratio
By Adam Button || September 11, 2012 at 12:48 GMT || 83 comments || Add comment
■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.
http://www.forexlive.com/blog/2012/09/11/moodys-expects-to-cut-us-rating-without-deal-to-lower-debtgdp-ratio
