Moody's Warns On USAAA Rating; IMF Piles On
January 2, 2013 - 2:56pm
Moody's has stepped forward with the first warning shot across the bow that: *MOODY'S: MORE MEDIUM TERM ACTIONS MAY BE NEEDED TO SUPPORT Aaa Has contradicted itself (from September) on the debt-ceiling breach; and warns that while the deal 'mitigates' some fiscal drag, it does not remove it. To wit: the IMF piles on: *IMF SAYS `MORE REMAINS TO BE DONE' ON U.S. PUBLIC FINANCES *IMF SAYS U.S. DEBT CEILING SHOULD BE RAISED `EXPEDITIOUSLY' Full statements below. Moody's Anticipates Further US Fiscal Action Following "Fiscal Cliff" Deal New York, January 02, 2013 -- Moody's Investors Service said that the fiscal package passed by both houses of Congress yesterday is a further step in clarifying the medium-term deficit and debt trajectory of the federal government. It does not, however, provide a basis for a meaningful improvement in the government's debt ratios over th...
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