Friday, November 15, 2019

"Moody's issues debt downgrade warning to the entire world"

Huh, I don't recall seeing one of these before.
From The Telegraph, November 11:
Moody's issues debt downgrade warning to the entire world
Ratings agency Moody’s has issued a debt downgrade warning to the entire world on fears that political turmoil from Westminster to Hong Kong poses a threat to the economy.

It cut its global sovereign outlook to “negative” from “stable” for 2020, cautioning that “disruptive and unpredictable” politics was worsening the slowdown in growth.

After warning of a possible ratings downgrade on UK sovereign debt last Friday, Moody’s said populism and trade tensions globally raised the risk of bigger economic shocks and the ability of policymakers to counter them.

Britain, Hong Kong, Argentina and South Africa were singled out as countries being monitored closely....MORE
Also at Reuters under a less attention-grabbing headline:

Moody's cuts global sovereign rating outlook to "negative" for 2020
Rating agency Moody’s cut its global sovereign outlook for 2020 to ‘negative’ from ‘stable’ on Monday, saying disruptive and unpredictable world politics would slow growth and increase the risk of economic or financial shocks.

Moody’s, which has already slapped downgrade warnings on Britain, South Africa, India, Mexico, Turkey and Hong Kong, said there were three main drivers behind the move....
....MORE 

It's probably nothing.