Moody's Investors Service Upgrades U.S. Credit Rating Outlook To 'Stable' from 'Negative'

Hello folks, good news, Moody's Upgrades U.S. Credit Rating Outlook To 'Stable', Moody's Investors Service on Thursday upgraded the outlook on its triple-A rating on the United States to 'stable' from 'negative', its interesting and citing improvement in the federal government's debt trajectory

European Central Bank Revises Collateral Rules To Boost Lending, The European Central Bank finally tweaked its collateral rules, expanding the list of collateral accepted and reducing the haircuts applicable to asset-backed securities, in an effort to boost lending to struggling small businesses. And of course to optimizing small businesses growth

The measures, which ECB said, will have an overall neutral effect on the amount of collateral available, were announced by the Governing Council late Thursday.

Meanwhile, U.K. June Budget Deficit Exceeds Expectations, The U.K. budget deficit for June exceeded economists' expectations, the deficit suggesting little contribution to public finances from the economic recovery that is underway. Nonetheless, underlying public finances remain on track to meet the government target.

Net borrowing excluding interventions declined to GBP 8.5 billion in June, data from the Office for National Statistics showed Friday. (Jul 19, 2013)