Gross Says Investors Shouldn’t Trust Moody’s on U.S. AAA Rating – Bloomberg 09-25-13

Salient to Investors:

Bill Gross at Pimco said investors should not trust the opinion of Moody’s Investors Service on the US’s Aaa rating and should instead trust S&P, Fitch & Egan Jones for credit ratings. Gross said Moody’s and the US Treasury are one happy family over the US debt limit and potential for a government shutdown.

Moody’s assigns the US a stable Aaa ranking and expects the debt ceiling to be raised, averting a default, and for the government to avoid a shutdown.

Fitch Ratings has a negative outlook on its AAA grade.

Read the full article at  http://www.bloomberg.com/news/2013-09-25/gross-says-investors-shouldn-t-trust-moody-s-on-u-s-aaa-rating.html

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