One of the main consequences of yesterday's downgrade of Japan's S & P, a message to other governments (particularly the U.S.) regarding the sustainability of their own debt. After this, Moody's realized it, saying that they will need to put the "negative" outlook U.S. earlier than expected. They reported last night that "the time before the future action are reduced and the probability of a downgrade in the next two years is growing."Rating agencies do not come out clean from the credit crisis, and on the background, they do not want to be caught with what is becoming one of the most pressing issues of the next decade. Markets for the main rationale for the U.S., but they are unlikely to strongly push the subject.
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