Tuesday, December 8, 2009

Moody’s: «Ασταθείς» οι αξιολογήσεις ΗΠΑ-Βρετανίας



Moody’s: «Ασταθείς» οι αξιολογήσεις ΗΠΑ-Βρετανίας

Η υψηλή αξιολόγηση «ΑΑΑ», βρετανικής και αμερικανικής οικονομίας δεν είναι και τόσο «ισχυρή», όπως διευκρινίζει η Moody’s, εξαιτίας των υψηλών χρεών των δύο χωρών.

Αντίθετα οι αντίστοιχες αξιολογήσεις («ΑΑΑ») Γαλλίας, Γερμανίας και Καναδά δεν διατρέχουν κίνδυνο, καθώς η δημοσιονομική τους εικόνα. Όπως, πάντως, διευκρινίζει ο οίκος καμία από τις οικονομίες που έχουν λάβει τον υψηλότερο βαθμό πιστοληπτικής αξιολόγησης δεν κινδυνεύουν να τον χάσουν, μιας και «η δημοσιονομική τους εικόνα δεν είναι τόσο δραματική ώστε να ενέχει αυτόν τον φόβο».

Διευκρινίζεται ότι το χρέος της Βρετανίας αναμένεται ότι θα φθάσει στο 89,3% του ΑΕΠ το 2010 από 75,3% του ΑΕΠ που είναι φέτος, βάσει στοιχείων του ΟΟΣΑ. Όσο για τις ΗΠΑ το χρέος υπολογίζεται να αγγίξει το 97,5% του ΑΕΠ το 2010, από 87,4% του ΑΕΠ που είναι φέτος.

euro2day.gr

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Moody’s Says U.K., U.S. AAA Ratings Relatively Weaker

Dec. 8 (Bloomberg) -- Moody’s Investors Service said its top debt ratings on the U.S. and the U.K. may “test the AAA boundaries” because their public finances are worsening in the wake of the global financial crisis.

The U.K. and U.S. have “resilient” AAA ratings, as opposed to the “resistant” top ratings on Canada, Germany and France, Moody’s said in a report today. None of the top-rated countries are “vulnerable,” or have public finances that are “stretched ‘‘beyond the point of ‘no return’ to the AAA category,’’ the New York-based company said.

The British pound fell against all of its 16 most-traded counterparts, dropping as much as 0.4 percent to $1.6381 versus the dollar.

All AAA rated governments are affected by the global financial crisis, with differences in their impact and ability to respond, Moody’s analysts led by Pierre Cailleteau said in the report. ‘‘Resistant’’ countries, which also include New Zealand and Switzerland, started from a more robust position and won’t see debt exceed levels consistent with their AAA status, Moody’s said.

British Chancellor of the Exchequer Alistair Darling said yesterday that he would rather suffer criticism for removing support for the economy too late than too early, signaling he will put off measures to reduce Britain’s biggest budget deficit since World War II.

‘Determined Effort’

‘‘I do think we need to make a determined effort to get our debt down,” Darling said. “I would rather be found guilty of removing the support slightly too late than slightly too early.”

The U.K. entered the crisis in a vulnerable position and is now facing an “inexorable deterioration of debt affordability,” Moody’s said. The government’s ability to borrow large amounts of money at favorable terms supports its ratings, according to the report.

The U.K.’s public debt will swell to 89.3 percent of the economy in 2010 from 75.3 percent this year, according to the Organization for Economic Cooperation and Development.

The U.S.’s debt burden will climb to 97.5 percent of gross domestic product next year from 87.4 percent, the OECD forecast in June. National debt climbed to $7.17 trillion in November.

The expansion of the U.S. economy won’t be enough for it to make “major progress” in reducing its budget deficit, the ratings company said.

bloomberg

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