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Friday, August 05, 2011
US Expecting Debt Downgrade by S&P
The united States has always had the highest rating for its bonds and notes as far as I am aware, always had a AAA rating from Moody's and Standard and Poor's. Now according to an ABC report, a US government official said that the government is now expecting a downgrade on its bonds from AAA status to either AA+ or AA.
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