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Are these not the same rating agencies that rated AAA, the subprime mortgages packaged into Collateralized Default Obligations, that were sold to Europe, backed by the values of US real estate, that triggered the financial crisis resulting in the downgrade of these countries capacities to honor their debts?
As the US approaches 90% of GDP in interest payments alone, how will they value US debt instruments?Mr./Madame Editor: Please do not block this fact based posting. After all it is not obscene like so many that you blithely permit.

Portugal is being disciplined for the same behaviour that runs riot in the USA, endless borrowing resulting in outsize debt. However, whilst Portugal will bear discipline, the USA continues to party with printed money from the Bernanke/Yellen Fed and interest free capital from crumpled savers.Who cares what Moody's thinks about other companies? That company abandoned 150 years of proper credit methodology management and screwed every American in the process with the mortgage meltdown. They should all be in jail.