Moody's: U.S. Should Retain Top Credit Rating If Bondholders Get Paid

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Moody's: U.S. Should Retain Top Credit Rating If Bondholders Get Paid

By MARTIN CRUTSINGER   07/29/11 06:22 PM ET  

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Read more Moodys Investors Service, United States, Aaa Rating Us, Credit Rating, Credit Rating Agency, Debt Ceiling Debate, Moodys Default, Moodys Rating, Us Credit Rating, Business News #news_entries #ad_sharebox_260x60 img {padding:0px;margin:0px} share this story Get Business AlertsSign UpSubmit this storydiggredditstumble

WASHINGTON -- Moody's Investors Service says the United States should be able to keep its triple-A credit rating as long as Washington works out a deal that lets it continue to pay bondholders.

The credit rating agency said late Friday that it thinks that even if the debt limit isn't raised by Tuesday's deadline, the government would give priority to making interest payments on its debt and thereby avoid a default.

Moody's had warned July 13 that the country's credit rating was in danger of being downgraded because of the stalemate in Congress over raising the debt limit. But in its statement Friday, Moody's said it would likely rate the U.S. debt as triple-A but with a negative outlook.

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You can always re-order comments using the tabs below or change your default by clicking here. View All Favorites Recency  |  Popularity Page: 1 2 Next › Last »  (2 total) mrclark I search for the America I believed in as a boy. 172 Fans 15 minutes ago (11:04 PM) Moody's is a joke. Wall Street is just trying to ensure that they get paid before people on Social Security. If Obama allows them to be paid while stopping Social Security checks from going out he is making a serious mistake that will seriously hurt his chances of getting re-elected­. He and Geithner make those decisions and we will now see who Obama values more; his constituen­ts, or Wall Street. mrclark: Moody's is a joke. Wall Street is just trying to http://www.huffingtonpost.com/social/mrclark/moodys-us-rating-credit-deal_n_913783_99984735.htmlHistory | Permalink  | Share it democrats for life republicans need not apply 1692 Fans 21 minutes ago (10:59 PM) s and p will downgrade the country though democrats_for_life: s and p will downgrade the country though http://www.huffingtonpost.com/social/democrats_for_life/moodys-us-rating-credit-deal_n_913783_99984055.htmlHistory | Permalink  | Share it tbryant80 49 Fans 34 minutes ago (10:46 PM) This is the same Moody's that didn't see any material risk with robosignin­g... http://www­.housingwi­re.com/201­0/11/16/mo­odys-sees-­minimal-ri­sk-to-rmbs­-from-robo­-signing-m­ers-litiga­ton

How did that work out for them? tbryant80: This is the same Moody's that didn't see any material http://www.huffingtonpost.com/social/tbryant80/moodys-us-rating-credit-deal_n_913783_99982241.htmlHistory | Permalink  | Share it tbryant80 49 Fans 31 minutes ago (10:49 PM) Oh yeah, and they thought in 1999 that MERS had no impact on foreclosin­g on and selling houses... http://www­.scribd.co­m/doc/5043­5369/Moody­-s-MERS-Re­port-1999

Maybe a downgrade by Moody's is a good thing !!! tbryant80: Oh yeah, and they thought in 1999 that MERS had http://www.huffingtonpost.com/social/tbryant80/moodys-us-rating-credit-deal_n_913783_99982695.htmlHistory | Permalink  | Share it tbryant80 49 Fans 36 minutes ago (10:44 PM) If this doesn't spark an FBI investigat­ion, nothing will. tbryant80: If this doesn't spark an FBI investigation, nothing will. http://www.huffingtonpost.com/social/tbryant80/moodys-us-rating-credit-deal_n_913783_99981879.htmlHistory | Permalink  | Share it jyatt7 44 Fans 42 minutes ago (10:37 PM) Hey Moodys what happened ? I thought you said no matter what our rating was going to be reduced??? Oh that was part of the fearmonger­ing !!! I see in other words Wall Street and the Obama Administra­tion told you to say this hum!!! Obama Ad. a frigging trainwreck !!! jyatt7: Hey Moodys what happened ? I thought you said no http://www.huffingtonpost.com/social/jyatt7/moodys-us-rating-credit-deal_n_913783_99980941.htmlHistory | Permalink  | Share it glenaypia 31 Fans 58 minutes ago (10:22 PM) This reads like an Onion article. glenaypia: This reads like an Onion article. http://www.huffingtonpost.com/social/glenaypia/moodys-us-rating-credit-deal_n_913783_99978556.htmlHistory | Permalink  | Share it rdk70816 Yellowhammer 100 Fans 2 hours ago (9:45 PM) Duh! Bondholder­s will get paid. One would really have to be a rabid pan Leninist to not pay bondholder­s. rdk70816: Duh! Bondholders will get paid. One would really have to http://www.huffingtonpost.com/social/rdk70816/moodys-us-rating-credit-deal_n_913783_99973041.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER opprobrious Micro bio? 394 Fans 2 hours ago (9:31 PM) Sorry Social Security recipients and Veterans. Get in line. opprobrious: Sorry Social Security recipients and Veterans. Get in line. http://www.huffingtonpost.com/social/opprobrious/moodys-us-rating-credit-deal_n_913783_99970619.htmlHistory | Permalink  | Share it REDSTATEREFUGEE Texan by birth ; Californian by choice 556 Fans 2 hours ago (9:42 PM) X 392...OP..­...I have been practicing saying, "Welcome to WalMart." I cannot wait to wear one of those little blue jackets...­. REDSTATEREFUGEE: X 392...OP.....I have been practicing saying, "Welcome to WalMart." I http://www.huffingtonpost.com/social/REDSTATEREFUGEE/moodys-us-rating-credit-deal_n_913783_99972605.htmlHistory | Permalink  | Share it aaron kennedy 7 Fans 2 hours ago (9:17 PM) Methinks Moody's got scolded to stop meddling..­. Hence the back-off in semantics. aaron_kennedy: Methinks Moody's got scolded to stop meddling... Hence the back-off http://www.huffingtonpost.com/social/aaron_kennedy/moodys-us-rating-credit-deal_n_913783_99968285.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER ElBruce 334 Fans 2 hours ago (9:13 PM) Whatever the outcome, the very fact that we're having this discussion in Washington right now about whether to pay our debt already stains the reputation of the United States as a trustworth­y borrower. ElBruce: Whatever the outcome, the very fact that we're having this http://www.huffingtonpost.com/social/ElBruce/moodys-us-rating-credit-deal_n_913783_99967706.htmlHistory | Permalink  | Share it wsdave My micro-bio did not meet your guidelines. 180 Fans 1 hour ago (10:11 PM) Perhaps, but on the other hand, does the rest of the world have a choice? wsdave: Perhaps, but on the other hand, does the rest of http://www.huffingtonpost.com/social/wsdave/moodys-us-rating-credit-deal_n_913783_99976876.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER Wendy Davis Kucinich / Sanders / Warren 996 Fans 5 minutes ago (11:15 PM) If the dollar ends up looking like the peso, I envision foreign US dollars flooding the foreign exchange, which would deflate dollar - US buying foreign imports may be required using foreign currency. IMF, China, Russia and Iran already use a different currency when trading, possibly NK as well. The impact of that would be felt by people in their ability to pay for necessitie­s of life, Chaos would erupt and the weaken in society would become the easy targets when people have to fight to survive. That is if the dollar bubble bursts - which is what QE I and II created. A new currency would be issued possibly but for a decade it would be mayhem. http://www­.zerohedge­.com/news/­china-and-­iran-bypas­s-dollar-p­lan-oil-ba­rter-syste­m-and-deep­er-dive-ir­anian-oil-­bourse Wendy_Davis: If the dollar ends up looking like the peso, I http://www.huffingtonpost.com/social/Wendy_Davis/moodys-us-rating-credit-deal_n_913783_99986039.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER clearasmud Wall Street Is The Enemy 436 Fans 3 hours ago (8:33 PM) Memo from The Department of Justice
To: Moody's, S&P, etal
Subject: Potential Investigat­ion for Fraud and RICO activity from 2002-2008

Message: What did you say our rating was going to be? clearasmud: Memo from The Department of Justice To: Moody's, S&P, etal http://www.huffingtonpost.com/social/clearasmud/moodys-us-rating-credit-deal_n_913783_99961319.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER Holly Smoke Obama/Warren 2012, Elizabeth Warren 2016 176 Fans 60 minutes ago (10:20 PM) There we have it: Pay the Chinese and forget the Grandma SS check.
America is now a PROGRESSIV­E socialist for the benefit of the rich and Multinatio­nal at the expense of Main Street.
We need a balance approach and bring back the middle class, the hallmark of America Exceptiona­lism.Eliza­beth Warren is acknowledg­eable, smart and tough to level the playing field to ENERGIZE the Middle Class. She represents the fundamenta­l change we need. We need to put her into a position of importance ASAP otherwise Obama is going to lose the Independen­t voters.
http://www­.elizabeth­warrenforp­resident.c­om/ Holly_Smoke: There we have it: Pay the Chinese and forget the http://www.huffingtonpost.com/social/Holly_Smoke/moodys-us-rating-credit-deal_n_913783_99978302.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER Wendy Davis Kucinich / Sanders / Warren 996 Fans 0 minute ago (11:20 PM) US needs radical change, swiftly and unhaltingl­y, to benefit the middle class or we are going to see some real suffering in the streets. Obama has proven to us he has the interests of the elite on his mind, and there is no time for that, not now. Wendy_Davis: US needs radical change, swiftly and unhaltingly, to benefit the http://www.huffingtonpost.com/social/Wendy_Davis/moodys-us-rating-credit-deal_n_913783_99986736.htmlHistory | Permalink  | Share it aynrandfan2012 131 Fans 3 hours ago (8:21 PM) They will get paid....we only owe 30billion a month.....­we have 200 billion coming in.......t­he best thing that could happen....­is the government paying debt,soc sec,medica­re,defense­,troops and vets...and gut everything else...we will be lean withoout GIANT collective gov aynrandfan2012: They will get paid....we only owe 30billion a month.....we have http://www.huffingtonpost.com/social/aynrandfan2012/moodys-us-rating-credit-deal_n_913783_99959360.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER clearasmud Wall Street Is The Enemy 436 Fans 3 hours ago (8:26 PM) Haven't really given that much thought have you? clearasmud: Haven't really given that much thought have you? http://www.huffingtonpost.com/social/clearasmud/moodys-us-rating-credit-deal_n_913783_99960048.htmlHistory | Permalink  | Share it aynrandfan2012 131 Fans 3 hours ago (8:29 PM) Of course....­...I didnt go to college...­....I work and invest for my riches....­...I have to think...an­d quickly aynrandfan2012: Of course.......I didnt go to college.......I work and invest for http://www.huffingtonpost.com/social/aynrandfan2012/moodys-us-rating-credit-deal_n_913783_99960668.htmlHistory | Permalink  | Share it There are More Comments on this Thread. Click Here To See them All HUFFPOST SUPER USER ElBruce 334 Fans 2 hours ago (9:15 PM) Not that "GIANT" compared to the size of the country. We're a big nation. We pull together in a lot of ways. If you don't want to pull together as a nation, then I hope you never talk about loving America, sport the American flag or go on about how great the Constituti­on or the Founding Fathers are, because you directly and literally oppose the very thing that they all represent. ElBruce: Not that "GIANT" compared to the size of the country. http://www.huffingtonpost.com/social/ElBruce/moodys-us-rating-credit-deal_n_913783_99967980.htmlHistory | Permalink  | Share it Y3rMawm veni vidi bibi 232 Fans 2 hours ago (9:25 PM) Nice misdirecti­on draped in faux patriotism­. Founders were decidedly for limited federal government­, not Leviathan. Y3rMawm: Nice misdirection draped in faux patriotism. Founders were decidedly for http://www.huffingtonpost.com/social/Y3rMawm/moodys-us-rating-credit-deal_n_913783_99969600.htmlHistory | Permalink  | Share it There are More Comments on this Thread. Click Here To See them All syllable 144 Fans 3 hours ago (8:19 PM) That clause, "with a negative outlook," will cauterize any positive perception of our 3xA rating. syllable: That clause, "with a negative outlook," will cauterize any positive http://www.huffingtonpost.com/social/syllable/moodys-us-rating-credit-deal_n_913783_99958910.htmlHistory | Permalink  | Share it robinhood1 87 Fans 3 hours ago (8:18 PM) US doesn't deserve a Aaa. Our political system is too messed up. People buy Aaa credits so they don't have to worry about being repaid ON TIME and IN FULL. There is lots to worry about these days. robinhood1: US doesn't deserve a Aaa. Our political system is too http://www.huffingtonpost.com/social/robinhood1/moodys-us-rating-credit-deal_n_913783_99958860.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER Gerald OHare Retired guy living in the great state of N.J. 66 Fans 3 hours ago (8:08 PM) Why does something smell fishy here? Gerald_OHare: Why does something smell fishy here? http://www.huffingtonpost.com/social/Gerald_OHare/moodys-us-rating-credit-deal_n_913783_99957368.htmlHistory | Permalink  | Share it syllable 144 Fans 3 hours ago (8:20 PM) You live in Alaska? syllable: You live in Alaska? http://www.huffingtonpost.com/social/syllable/moodys-us-rating-credit-deal_n_913783_99959082.htmlHistory | Permalink  | Share it HUFFPOST SUPER USER Gerald OHare Retired guy living in the great state of N.J. 66 Fans 3 hours ago (8:32 PM) No and I don't live in a Gulf state either. If you have noticed the Gulf States and Alaska are part of the USA and I'm talking about Federal Lands and waters only. Gerald_OHare: No and I don't live in a Gulf state either. http://www.huffingtonpost.com/social/Gerald_OHare/moodys-us-rating-credit-deal_n_913783_99961058.htmlHistory | Permalink  | Share it capnamerca 74 Fans   2 hours ago (9:34 PM) Sure, what they're saying is, that we really don't have a debt problem. We can pay the rich folks and the other countries we owe. Our seniors and others don't really need to get paid, they can't change our credit rating. capnamerca: Sure, what they're saying is, that we really don't have http://www.huffingtonpost.com/social/capnamerca/moodys-us-rating-credit-deal_n_913783_99971197.htmlHistory | Permalink  | Share it     Page: 1 2 Next › Last »  (2 total) new comment(s) on this entry — Click to refreshLoading comments… PHOTO GALLERIES 10 Cities Spending The Most On Fast Food Where People Pay The Least In Taxes The Great Recession: Is It Time For A Name Change? 14 Alternative Titles For The Great Recession FOLLOW US Connect with your friends Check out stories you might like,
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