HERE WE GO AGAIN: MOODY’S WARNS: US CREDIT RATING COULD BE CUT

Moody’s Expects To Cut US Rating Without Deal To Lower Debt/GDP Ratio

If budget talks do not produce downward trend in debt-to-GDP ratio, rating likely to be lowered to AA1.

Another downgrade would threaten the gains experienced in the US stock market in recent months. This would be a case of “the emperor has no clothes.”

http://www.forexlive.com/blog/2012/09/11/moodys-text-to-downgrade-us-if-no-deal-to-cut-debtgdp-ratio/

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