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Britain set to keep triple A credit rating, Moody's says
Britain is set to keep its top triple A credit rating, with the ratings agency Moody's expected to announce today that a downgrade is unlikely despite spiralling public debt. A downgrade, which would drive up the government's borrowing costs, looks to have been averted because of the growing political...
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By: pc_offer
aaa
about 1 month ago
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United States's Largest Deficit Ever Amounting to $1.42 trillion!!!
By: spike-breaker08
Despite lots of efforts by the United States government in stabilizing the financial system and to jump-start the economy, the federal budget deficit reached $1.42 trillion as the recession caused huge amount of tax revenues to plunge. Sept. 30 was the end of the budget year wherein the imbalance was more than tripled compared to last year's ...
about 1 month ago
News Stories
- News Source: Asian Wall Street Journal | 2 months agoThe triple-A sovereign debt ratings of the U.K. and the U.S. aren't under threat, rating agency Moody's Investors Service said Wednesday, in a move that may boost the battered British pound. Moody's said in a report it doesn't expect any downgrades...
- News Source: MarketWatch | 2 months agoThe U.S. and other countries that have Aaa ratings are unlikely to be downgraded anytime soon, Moody's Investors Service said Tuesday. A Triple-A rating allows countries to issue debt more cheaply and also attracts investors who are barred from...
- News Source: Guardian Unlimited | 2 months agoBritain is set to keep its top triple A credit rating, with the ratings agency Moody's expected to announce today that a downgrade is unlikely despite spiralling public debt. A downgrade, which would drive up the government's borrowing costs, looks...
- News Source: The Courier-Mail | 2 months agoS is set to preserve Britain's top 'AAA' credit rating amid signs from political parties on the need to cut public spending to help the recession-hit economy, a report said. The international ratings agency will announce later today that a credit...
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@markknoller Even for the US Government, it takes time to spend $787-billion dollars.
2 months ago
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