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Robert Willis
Verified
News Editor, Argus Media
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By Robert Willis Verified| Argus Media Verified Moody's Investors Service late Friday lowered the outlook on US government debt ratings to negative, citing rising risk to the US' fiscal strength as Congress faces a possible government shutdown in a week. Moody's asserted the US' long-term issuer and senior unsecured ratings at Aaa, the highest rating on its scale, reflecting minimal credit risk. Changing the outlook to negative from stable can be a precursor to a ratings downgrade, which would raise borrowing costs.
By Robert Willis Verified| Argus Media Verified US job gains slowed in October, partly reflecting strikes at major automaker plants and among motion picture screenwriters, leading to a higher unemployment rate. The US generated 150,000 jobs in October, below the monthly average of 258,000 over the prior 12 months, the Labor Department reported today. The unemployment rate rose to 3.9pc from 3.8pc. Job gains for the prior two months were revised lower by 101,000 jobs.
By Robert Willis Verified| Argus Media Verified Moody's Investors Service late Friday lowered the outlook on US government debt ratings to negative, citing rising risk to the US' fiscal strength as Congress faces a possible government shutdown in a week. Moody's asserted the US' long-term issuer and senior unsecured ratings at Aaa, the highest rating on its scale, reflecting minimal credit risk. Changing the outlook to negative from stable can be a precursor to a ratings downgrade, which would raise borrowing costs.
Company Info
Argus Media
Argus Media is a UK-registered company founded in 1970 and based in London. It is owned by employee shareholders and global growth equity firms General Atlantic and Hg. With nearly 1,100 employees and 26 offices around the world, Argus Media is a leading independent provider of market intelligence for the global energy and commodity markets. The company offers a variety of services, including accurate price assessments used as benchmarks, market news and commentary from expert reporters, and analytics that provide price outlooks and strategic insights. Argus also provides consulting services to help clients make informed decisions and hosts industry conferences tailored to the needs of the commodity markets. Its products include daily price reports, business intelligence services, and comprehensive market analytics. Argus Media serves clients in over 140 countries, supporting their needs in trade indexing, financial derivatives, and strategic planning.
London, England, United Kingdom
'+44 20 7780 4200
Founded: 1970