Gordon Brown - A safe pair of hands

[DimPrawn]

Um.

The exact same story was reported completely differently to the BBC by Bloomberg.

http://www.bloomberg.com/apps/news?p...d=a8c_1vtVGzD8

Interesting the BBC's version is pro Labour and Brown.

Who would have thought it eh? It's almost like the BBC are merely the media dept for New Labour.

[Gonzo]

http://news.bbc.co.uk/1/hi/business/8567682.stm

The credit ratings of major AAA governments, including the US and the UK, are well positioned, says Moody's Investors Services.

Moody's released a report on the financial position of major AAA rated governments.

This includes the four largest - Germany, France, the UK and the US - as well as smaller ones, including Spain.

The report will reassure the bond markets about the ability of the US and the UK to make future debt payments.

A key finding is that the AAA ratings of the UK and the US are secure because of the capability of their respective governments to reverse recent deficits.

These two governments face the biggest interest repayments relative to the size of their incomes in comparison to the other economic giants.


Nothing to worry about, move along please, UK has no problems in the future.

AAA++ ratings all round.

Get them printing presses warmed up please.

Um.

The exact same story was reported completely differently to the BBC by Bloomberg.

http://www.bloomberg.com/apps/news?p...d=a8c_1vtVGzD8

[DiscoStu]

I wouldn't trust GB to wipe his own arse, let alone run the country.

[fullyautomatix]

There you have it. Official confirmation if any that Brown is the way forward for the UK. You know where to put your mark in that voting sheet don't you ?

[TimberWolf]

Pound is having a bad day so far.

[Mich the Tester]

AAA++. Is that the same rating as Moodys gave to all those mortgage backed securities? Or is it a new GCSE grade for kids who turn up to school once in a while and can spell their own name?

[AtW]

A bit of recent history:

http://www.bloomberg.com/apps/news?p...d=aRLWzHsF16lY

"Moody's, S&P Defer Cuts on AAA Subprime, Hiding Loss (Update3)

March 11 (Bloomberg) -- Even after downgrading almost 10,000 subprime-mortgage bonds, Standard & Poor's and Moody's Investors Service haven't cut the ones that matter most: AAA securities that are the mainstays of bank and insurance company investments."

IMO they are doing the same thing as in the past - keeping AAA rating on subprime despite in-yer-face evidence it is subprime rather than AAA.

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/8567682.stm

The credit ratings of major AAA governments, including the US and the UK, are well positioned, says Moody's Investors Services.

Moody's released a report on the financial position of major AAA rated governments.

This includes the four largest - Germany, France, the UK and the US - as well as smaller ones, including Spain.

The report will reassure the bond markets about the ability of the US and the UK to make future debt payments.

A key finding is that the AAA ratings of the UK and the US are secure because of the capability of their respective governments to reverse recent deficits.

These two governments face the biggest interest repayments relative to the size of their incomes in comparison to the other economic giants.


Nothing to worry about, move along please, UK has no problems in the future.

AAA++ ratings all round.

Get them printing presses warmed up please.