Moody's says U.S. government's 'Aaa' ratings not threatened

[metalman]

Moody's says U.S. government's 'Aaa' ratings not threatened
By Sue Chang
Last update: 2:09 p.m. EDT Sept. 22, 2008

SAN FRANCISCO (MarketWatch) -- The U.S. government's Aaa ratings are not threatened by the current highly challenging environment as the United States continues to display a robust level of economic and financial resilience, Moody's said Monday in a special report. "In recent weeks and months, the U.S. public authorities have been pursuing a bold and imaginative approach in their efforts to combat the financial crisis and the slowdown of the economy. In many cases, this has led to an expansion of the public sector balance sheet," said Pierre Cailleteau, managing director of Moody's sovereign risk unit. However, he added that allowing gross public debt to increase poses less of a risk to the rating than a deterioration in economic vitality. Moody's also noted the U.S. Treasury maintains an extremely high access to finance and that the possibility that its crisis management approach will fail to prevent the erosion of potential economic growth is very limited.

MMSpin (NWS): Let metalman translate that for you.

Moody's says U.S. government's 'Aaa' ratings not threatened

U.S. government's 'Aaa' rating is threatened

SAN FRANCISCO (MarketWatch) -- The U.S. government's Aaa ratings are not threatened by the current highly challenging environment as the United States continues to display a robust level of economic and financial resilience, Moody's said Monday in a special report.

SAN FRANCISCO (MarketWatch) -- The U.S. government's Aaa ratings are threatened by the current highly challenging environment as the United States continues to display a all the economic and financial resilience of a whore house after a police raid, Moody's said Monday in a special report.

"In recent weeks and months, the U.S. public authorities have been pursuing a bold and imaginative approach in their efforts to combat the financial crisis and the slowdown of the economy.

"In recent weeks and months, the U.S. public authorities have been pursuing a desperate and reckless approach in their efforts to combat the financial crisis and the meltdown of the economy.

In many cases, this has led to an expansion of the public sector balance sheet," said Pierre Cailleteau, managing director of Moody's sovereign risk unit. However, he added that allowing gross public debt to increase poses less of a risk to the rating than a deterioration in economic vitality.

In many cases, this has led to an explosion of the public sector balance sheet," said Pierre Cailleteau, managing director of Moody's sovereign risk unit. However, he added that allowing gross public debt to increase poses less of a risk to the rating than a deterioration asset price inflation. "Without the FIRE Economy, we're fucked." he added.

Moody's also noted the U.S. Treasury maintains an extremely high access to finance and that the possibility that its crisis management approach will succeed at preventing the erosion of potential economic growth is smaller than a pissant's asshole.

Moody's also noted the U.S. Treasury maintains an extremely high access to finance and that the possibility that its crisis management approach will fail to prevent the erosion of potential economic growth is as limited as the chances that chorus of flying, singing pigs will fly out of Henry Paulson's butt and sing "I will Survive" in harmony.

[GRG55]

Re: Moody's says U.S. government's 'Aaa' ratings not threatened

Moody's says U.S. government's 'Aaa' ratings not threatened

SAN FRANCISCO (MarketWatch) -- The U.S. government's Aaa ratings are not threatened by the current highly challenging environment as U.S. public authorities pursue a bold and imaginative approach to an expansion of the public sector balance sheet...

Reducing the rating of a sovereign nation like the USA would require credit rating agencies to display both competence and integrity Moody's said Monday in a special report. "Fortunately we do not suffer from an overabundance of either" said Pierre Cailleteau, managing director of Moody's sovereign risk unit. "In fact our research section only recently discovered that "Aaa" bonds are not actually issued by the AAA. Our analysts are relieved that confusion has finally been cleared up after all these years" he went on to explain. "We're now checking to see if we made a similar mistake with Aa bonds" he added.

Moody's also noted the U.S. Treasury maintains an extremely high access to finance...so long as the SWF countries understand that this Administration is fully capable and willing to "bring democracy" to their shores too if they don't play ball.

[c1ue]

Re: Moody's says U.S. government's 'Aaa' ratings not threatened

U.S. Government defaults on external debt. Moody's reduces ratings to 'Aab'.

SAN FRANCISCO (MarketWatch) -- The U.S. government's credit ratings were reduced to 'Aab' by Moody's after defaulting on all external debts. "The current highly challenging environment is one where all of the world must come together to survive in this American credit crisis.", says Treasury Secretary Lloyd C. Blankfein.

"The events leading up to the default on external debt by the United States were completely unforeseeable." said Pierre Cailleteau, managing director of Moody's sovereign risk unit. "Rest assured, we at Moody's will be monitoring the ongoing situation very closely."

[tombat1913]

Re: Moody's says U.S. government's 'Aaa' ratings not threatened

Both of you (metalman/GRG) have me tearing up I'm laughing so hard! Or crying on the inside, I can't quite tell.

[we_are_toast]

Re: Moody's says U.S. government's 'Aaa' ratings not threatened

SAN FRANCISCO (OnionWatch) --With the promotion of Pierre Cailleteau to managing director of Moody's limited risk throw your assets down a rat hole unit; a series of new credit ratings were released today.

MGM Grand Hotel electronic Poker machines were rated AA+ as safe investments with low failure possibilities.

"Ain't Behavin" in the 5th at Churchill downs was downgraded from AAA to BB as a speculative investment after rumers of an injury.

Nigerian spam money requests were upgraded to AA as U.S. financial investors seek a flight to safety.


Moody's remains commited to expanding and rating investments from around the world.