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☆ Morning Bid: Sidestepping Moody's rating twist
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +5 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. It's the last of the three major rating agencies to maintain a top rating for the U.S. Treasury as Fitch lowered its rating in August and S&P removed its AAA in 2011. On one level, there's some relief the AAA rating was maintained despite the darker outlook. And that would at least keep the Federal Reserve at bay despite its warnings last week that another rate hike was still on the table. Line chart with data from LSEG Eikon show the U.S. consumer price index inflation, core CPI inflation and federal funds target rate from Jan. 2019 to Sep. 2023.

Persons: Brendan McDermid, Mike Dolan, Fitch, William Foster, Mike Johnson, China's, Joe Biden, Xi Jinping, Suella Braverman, David Cameron, Lisa Cook, Bank of England policymaker Catherine Mann, Tyson, Henry Schein Organizations: New York Stock Exchange, REUTERS, U.S . Treasury, AAA, Reuters, . House, Republican, Treasury, Federal Reserve, Tyson Foods, Walmart, Bank of England, Moody's, U.S . AAA, Thomson Locations: New York City, U.S, Wall St, San Francisco, New York

☆ Moody's analyst sees polarization around US budget issues persisting next year
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

Moody's changed the U.S. credit outlook to negative from stable on Friday, citing larger fiscal deficits and a decline in debt affordability. Moody's typically "resolves" an outlook, meaning in case of a negative outlook it either brings it back to stable or goes ahead with a rating downgrade, within 18 to 24 months, he said. But the process may take longer and will depend on fiscal policy measures that will be taken. Moody's lower outlook comes after a bond selloff that has pushed long-term Treasury debt yields to levels not seen since 2007 in recent weeks. An environment of higher interest rates will likely result in higher interest payments and higher deficits, said Foster.

Persons: Julia Nikhinson, Moody's, William Foster, Foster, “, ”, Davide Barbuscia, Megan Davies, Chris Reese Organizations: U.S, Capitol, Congress, REUTERS, Reuters, Thomson Locations: Washington , U.S, United States

REUTERS/Jonathan Ernst Acquire Licensing RightsNEW YORK, Sept 25 (Reuters) - A U.S. government shutdown would negatively impact the country's credit, credit rating agency Moody's said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis. Moody's has an "Aaa" rating for the U.S. government with a stable outlook - the highest creditworthiness it assigns to borrowers. "Fiscal policymaking is less robust in the U.S. than in many Aaa-rated peers, and another shutdown would be further evidence of this weakness," Moody's said in a statement. The economic impact of a shutdown would likely be limited and short-lived, with the most direct economic impact caused by lower government spending. Of course, the longer the shutdown lasts, the more negative its impact would be on the broader economy, said Moody's.

Persons: Jonathan Ernst, Moody's, Fitch, William Foster, Foster, Davide Barbuscia, Megan Davies, Sharon Singleton, Josie Kao Organizations: U.S . Capitol, REUTERS, U.S, Reuters, P Global, Aaa, Republican Party, Thomson Locations: Washington , U.S, U.S, Washington, Aaa, Moody's

"The risk of a downgrade is exacerbated every time Congress flirts with the debt ceiling," said Calvin Norris, Portfolio Manager & US Rates Strategist at Aegon Asset Management, who sees another downgrade as still a risk. Economic damage from the 2011 and 2013 debt ceiling battles had a chilling impact. Rating agency Fitch and other smaller agencies recently placed the U.S. credit rating under review. Reuters GraphicsCASCADE EFFECTInvestors use credit ratings as one of the metrics to assess the risk profiles of governments and companies. In the 2013 debt ceiling crisis the legislative standoff did not cause a rating downgrade, although Fitch placed its rating under review.

Persons: Kevin McCarthy, Joe Biden, Leah Millis, Calvin Norris, Wendy Edelberg, Edelberg, Fitch, William Foster, ”, Andy Sparks, Olivier d'Assier, Peter Crane, MSCI's Sparks, Davide Barbuscia, Megan Davies, Nick Zieminski Organizations: U.S, White, REUTERS, Senate, Republicans, Aegon Asset Management, AAA, Government, Office, The, Brookings Institution, Moody's, Moody’s Investors Service, Applied Research, Crane, Treasury, Thomson Locations: Washington , U.S, U.S, United States, Washington, APAC, Qontigo

☆ We expect the U.S. government to pay its debt, says Moody's William Foster
▼ + stars: | 2023-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect the U.S. government to pay its debt, says Moody's William FosterWilliam Foster, Moody's Investors Service senior vice president, joins 'Fast Money' to discuss the looming debt ceiling deadline and what a downgrade on the U.S. economy could look like.

☆ Canada has firepower to invest billions in green transition, analysts say
▼ + stars: | 2023-02-24 | by ( Steve Scherer | ) www.reuters.com time to read: +4 min

OTTAWA, Feb 24 (Reuters) - Canada has the firepower to invest billions of dollars in the green transition over the coming years to make it more competitive with the United States, analysts said, while also ensuring its public finances stay on a sustainable path. Because nominal growth is forecast to be weak in the 2023/24 fiscal year, the ratio might creep up before heading downward again. Many in industry say Canada must do more to be a key player in the green transition as the IRA is already spurring investment in the United States. Bartlett estimates Canada could spend an additional C$20 billion ($14.9 billion) per year and keep the net debt-to-GDP ratio below 2021/22's 45.5%, which was the lowest in the G7. Promised investments in the green transition will not "be overly inflationary" and they would provide certainty for investors and businesses, Bartlett said.

☆ Violatori devin, de multe ori, anume „băieții de treabă”. Recenzie la filmul „Promising Young Woman”
▼ + stars: | 2021-04-08 | by ( Onixmedia Srl | ) diez.md time to read: +27 min

Promising Young Woman a fost nominalizat la cinci categorii ale premiului Oscar. Cu brațele întinse de-a lungul canapelei, Cassie, într-o ținută office, abia se ține trează. Deja un Seth mai matur o abordează pe Cassie și îi propune să o conducă până acasă. Simpatic, un pic stângaci, exact atât cât trebuie ca să te facă să zâmbești, cu un simț al umorul bun, autoironic și… atât de înalt. În martie 2016, Brock Turner a fost condamnat pentru agresarea sexuală a unei femei inconștiente la o petrecere a fraternității.

Persons: Emerald, Carey Mulligan, Bo Burnhum, Alison Brie, Promising Young, , Cassandra, Cassie, Cassie ., Adam Brody ., Seth, O.C, Jerry, William Foster Wallace, Nina, Nina . Ea, Lilith, Ryan ., Alan Monroe, Ryan, Paris Hilton, Bo, Carry, Își, Ryan observi, Ninei, Kill Bill, Alex Monroe, Alex, Brock Turner, Procurorii, Turner, Emily Doe, Chanel Miller, Chanel, decana, Margaret Atwood, Breonna Taylor, Ingrid Escamilla, Marisela, It’s, Lady Gaga, !, Dumitru Petru, Britney Spears, Anthony Willis ., Britney, Ea, Lo, . Lila, C.C . Bloom, Hillary Whitney, Holly, Marin, Thelma, Louise, Kathy, Vera, Beth, Kate, Tully Organizations: Sundance, Promising, Promising Young Woman, universității Stanford, Stanford, Harvard, ., TV8, Facebook Locations: Woman, Paris, Hades, Cassie, Ivy League, SUA, Chanel, Harvard, Beaches, Firefly Lane, dolce

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