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| Title: United States' rating still AAA and stable: Moody's |
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U.S. stock and bond markets sold off on Thursday on concerns about the risk of the United States losing its top rating after Standard & Poor's lowered its outlook on Britain to negative from stable, indicating the risk of a downgrade. "We put out a credit opinion on May 6 and it (the United States' rating) remains triple-A and stable," Moody's spokesman John Cline said. Moody's said on May 6 that although the U.S. government's financial strength was weakening as a result of interventions to support the financial system and the economy, other factors supporting the rating remain intact. (Reporting by Dena Aubin; Editing by Dan Grebler) Full article |
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