MOODY'S DOWNGRADES FRANCE TO Aa1 !!!

When they they thaw you out?

America has been downgraded TWICE over the last 4 years.
First time ever in its history.

Ooh getting ever closer to the US' FFF-

you got it thats total bullshit, we should dont even give a shit about whats say moody, bunch of corrupted banksters who wants to teach lessons to the people ?!

Nothing will happen with metals until early next year. The central banks are buying every bit of Physical that they can find for when the BIS changes it's tier rules to let Gold become a tier 1 asset as it should have been all along.

yeah we are downgraded and so what ?

i can ensure you people our cheeses are still stinking, and we still have good wine and baguettes


who cares...maybe paper eaters mwahahahahahaha

I noticed Moody's has never said much about their three month review of the Spain that ended back in September...

omg, what a stoopid occutard, always blaming the players, not the game they are so dependant on.

U put 0blama BACK into power, so suck one.

Wake up! Today France, tomorrow Germany, then US again, then France again, then and then and then...

Pensions and other large funds rely on "growth" calculations that depend on the stability/reliability of their investments. They come up with that stability/reliability through risk analysis, which looks at ratings.

If the ratings go down, their "value" as an investment goes down, and the future value of pensions goes down.

And when the solvency of these pensions are relying on ridiculously impossible growth rates of 5-8%, and they are unable to do that anymore since government bonds are too risky, well then you just lost your pension.

There are other reasons of course. Governments want high ratings for their bonds so people will buy them. That's how they keep the government running; that's how they make money... THAT'S HOW THEY RUN UP THEIR ENORMOUS DEBTS.

If you have bad ratings, nobody buys your bonds, and the government can't pay its bills.

*Insert Slow poke meme here*

The US's credit rating was downgraded by S&P last year

I was wondering why silver jumped today.

zerohedge‏@zerohedge

When does Moody's start with the French bank downgrades next?

wow.

zerohedge‏@zerohedge

3 Year EFSF bond deal officially delayed after French downgrade

I'd like to downgrade Moody's.

After Dynegy agreed to buy Enron, Moody's tried to calculate the chances that the deal would go through, that Enron would remain strong until it was completed and that the combined company would carry a strong rating, said John Diaz, managing director for Moody's power and energy group.

At first, those questions seemed to have reassuring answers, Mr. Diaz said, so Moody's kept Enron's investment-grade rating.


[link to www.nytimes.com]

Moody’s Corp. (MCO) and Standard & Poor’s lost a bid for dismissal of fraud claims in a suit by investors claiming the companies falsely assigned inflated ratings to notes sold by Morgan Stanley (MS) that were backed by subprime mortgages...Scheindlin also dismissed the investors’ fraud claims against the bank and aiding-and-abetting claims against the rating companies, ruling that it was the rating companies, not Morgan Stanley, that issued the ratings.

[link to www.bloomberg.com]

Questionable involvement in two of the biggest financial scandals in the last decade or so. Yep yep, I downgrade Moody's until they clean up their act.