Breaking: Credit ratings agency Moody’s changes outlook on UK’s (Aa2) rating from stable to negative. Pretty damning release says Brexit has been a catalyst in an “erosion in institutional strength” which is now seriously undermining faith in the UK. More here:
Moody’s changes outlook on UK government debt to negative - stays at Aa2 “UK’s Institutional capacity and commitment to fiscal discipline has weakened”... “Brexit the catalyst for this erosion...significant weakening of indicators for Government effectiveness and Rule of Law”
Trump could easily win re-election in 2020, according to modeling by Moody’s Analytics. The Moody’s models have been highly accurate, missing only once since the 1980 election.
"Moody’s Analytics estimates that Trump’s trade war has already reduced US employment by 300,000 jobs... By the end of 2020, the trade war will have killed 900,000 jobs. The hardest-hit sectors: manufacturing, warehousing, distribution, retail."
Moody’s upgrades India’s sovereign rating for the first time since 2004. @MoodysInvSvc