Moody’s Investors Service

The Debt Bubble: if it Happened to Them, it Can Happen to U.S. 

Yesterday Standard & Poor’s announced its sovereign rating of Greece would be maintained for the moment at triple-B. The birthplace of democracy recently navigated a hotbed of solvency issues, including downgrades to its sovereign rating, as Greece became the poster child for ‘how not to run your country’s finances.’ In parallel, the day before, Moody’s Investors Service said the United States risks losing its beloved triple-A credit rating if it doesn’t better manage its piles of debt. But more on that later, let’s start with what’s up with Greece: