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News Link • Economy - International

Moody’s Cuts Japan’s Rating One Notch, Citing Its Giant Debt

• NY Times
Moody’s, the credit ratings agency, lowered Japan’s credit rating by one notch on Wednesday, warning that frequent changes in administration, weak prospects for economic growth and its recent natural and nuclear disasters made it difficult for the government to pare down its huge debt. 

1 Comments in Response to

Comment by Powell Gammill
Entered on:

Biden just got back from China assuring them our ability to pay our debt was just as reliable as the Japanese's.   Didn't Moody get the memo.  I guess we need to expand the S&P hearings and the Moody's CEO needs to go.

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