Posts Tagged ‘credit rating’


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Moody’s: U.S. Credit Rating Safe in Government Shutdown


Thursday August 24th, 2017   •   Posted by Craig Eyermann at 5:25pm PDT   •   Comments Off on Moody’s: U.S. Credit Rating Safe in Government Shutdown

It’s official! The 2017 edition of Government Shutdown Theater, which MyGovCost hinted was coming less that two weeks ago, was initiated by President Trump at a speech in Phoenix, Arizona on Tuesday, August 22, 2017. The Hill‘s Mike Lillis reports on the now increased chance that the U.S. government will be partially shut down…
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Moody’s Downgrades Japan


Wednesday August 24th, 2011   •   Posted by Emily Skarbek at 10:01am PDT   •   0 Comments

Today Moody’s downgraded Japan’s sovereign rating to Aa3. Guess what happened? Nothing much. When S&P released it’s decision on Aug. 5 to cut the U.S. to AA+ with a negative outlook, the S&P 500 Index swung by at least 4.6 percent in the four trading days following the change and gold prices rose 5…
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How Costly Would a U.S. Default Be?


Monday June 27th, 2011   •   Posted by Emily Skarbek at 10:05am PDT   •   1 Comment

Discussions of a Treasury default all share one common feature—no one is certain as to what a default would actually entail. A recent article in The Economist highlights a study by Terry Zivney (Ball State University) and Richard Marcus (University of Wisconsin-Milwaukee) that looked at the last instance of U.S. default in 1979. The…
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