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MOODY'S downgrade Britain's credit rating- just like GLP said it would

 
Tess2012

User ID: 24059332
Ireland
02/23/2013 04:51 AM

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MOODY'S downgrade Britain's credit rating- just like GLP said it would
Rating agency Moody's has stripped Britain of its top-grade AAA credit rating, citing slow growth and a rising debt burden.

Moody's said Britain's recovery was proving to be significantly slower than previous rebounds from recession and it did not expect the situation to change.

[link to uk.news.yahoo.com]

Someone put a thread on here a couple of days ago saying this was going to happen. I'm impressed - got any tips on next week's racing?
As I've grown older I've learnt that pleasing everyone is impossible, but pissing people off is a piece of cake.
Anonymous Coward
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United States
02/23/2013 05:10 AM
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Re: MOODY'S downgrade Britain's credit rating- just like GLP said it would
bump
Siward

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United Kingdom
02/23/2013 05:42 AM
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Re: MOODY'S downgrade Britain's credit rating- just like GLP said it would
I know, the good thing about GLP is more often than not there is something on here which offers information way in advance of MSM reporting it.

Just a pity you have to wade through three pages of bullshit to find the threads !
Siward
Anonymous Coward
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02/23/2013 05:48 AM
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Re: MOODY'S downgrade Britain's credit rating- just like GLP said it would
Moody's, that time of the month.
Anonymous Coward
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United Kingdom
02/23/2013 05:53 AM
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Re: MOODY'S downgrade Britain's credit rating- just like GLP said it would
It was on other forums over a week ago.
Anonymous Coward
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South Africa
02/23/2013 06:04 AM
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Re: MOODY'S downgrade Britain's credit rating- just like GLP said it would
International Agency - Moody's

The Big Three credit rating agencies are Standard & Poor's (S&P), Moody's, and Fitch Group.

A common criticism of the Big Three, and one that was highly linked to bank failure in the 2008 recession, is the dominance the agencies had on the market. As the three agencies held 95% of the market share, there was very little room for competition. Many feel this was a crucial contributor to the toxic economic environment that led to the financial downturn.


So Moody's are trying to get Little British folk to work even harder so Moody's and the Mob that use them can refuck the workers...

Amazing how they get away with.
Anonymous Coward
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United Kingdom
02/23/2013 06:10 AM
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Re: MOODY'S downgrade Britain's credit rating- just like GLP said it would
in other news, Domino's Pizza refuse to deliver to 10 Downing Street

News








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