Moody's lowers EU rating outlook to 'negative'
Source: BBC
Moody's has lowered its outlook for the European Union's AAA credit rating to "negative" and warned that the bloc's rating could be downgraded.
It said the move reflected the negative outlook for the ratings of the EU's key budget contributors.
Earlier this year, Moody's put ratings of Germany, France, Netherlands and the UK on a negative outlook.
It said that these nations were all exposed to the region's debt crisis, hurting their creditworthiness.
Read more: http://www.bbc.co.uk/news/business-19472857
leftyohiolib
(5,917 posts)it's only an opinion. "The ratings of these securities was a lucrative business for the rating agencies, accounting for just under half of Moody's total ratings revenue in 2007. Through 2007, ratings companies enjoyed record revenue, profits and share prices"
Dkc05
(375 posts)If we don't redistribute from the wealthy we will be in the same situation We need to take away their ill gotten gains. Tax them at 75% get the deficit under control. If you make new than 50,000 then you need to pony up and pay your fair share. Make 250,000 or more then pay 50% to help our government support those who need help. Over 500,000 tax them 75%. They will never miss it and we can fix or budget issues. Everybody has to sacrifice for the good of their neighbor.
donqpublic
(155 posts)The best way to keep a good rating with Moody's and S & P is to pay them. Ask corporate America.
magic59
(429 posts)holding it for ransom until they get what they want which is more austerity. They got tax cuts for the rich and war on SS and medicare here. Their extortion will keep working as long as the banksters control world governments and economies.
byeya
(2,842 posts)Find out who hired Moody's and you'll be more than halfway to finding out who will benefit from a perceived
negative outlook.