Post Tagged with: "Moody’s Bond Rating Service"

July 19, 2011 07:41

Moody’s Credibility Sinks to Junk Status

“The fact that Moody’s can make such an asinine statement shows you the truth behind that organization. And that’s why Moody’s was putting triple-A ratings on mortgage-backed securities that went to ZERO. Because that’s about how much credibility Moody’s has in the ratings world…and that’s ZERO.” – Peter Schiff

July 8, 2011 06:39

The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse

The combination of huge amounts of debt and huge amounts of leverage is incredibly toxic, and that is what we have all over the globe today. Almost every major nation is drowning in a sea of red ink and almost all of our major financial institutions are leveraged to the hilt.

July 6, 2011 05:21

Portugal’s debt is downgraded to junk status by Moody’s

The agency said there was a growing risk the country would need a second bail-out before it was ready to borrow money from financial markets again. – BBC News

February 8, 2011 05:51

On the Down Grade

The journey to insolvency can be quick, or it can be slow, but most analysts agree that the first signpost along the way will be the withdrawal of the U.S.’s coveted Aaa bond rating. And when that happens, woe be unto him that owns government bonds.