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United States tipped to lose another AAA credit rating
Posted By admin On October 24, 2011 @ 2:54 am In Money Watch | Comments Disabled
October 24, 2011
The United States will probably suffer the loss of its triple-A credit rating from another rating agency by the end of this year because of concerns over the deficit, Bank of America Merrill Lynch is forecasting.
The trigger would be a likely failure by Congress to agree on a credible long-term plan to cut the deficit.
A second downgrade – either from Moody’s or Fitch – would follow Standard & Poor’s downgrade in August and represent an additional blow to the sluggish US economy, Merrill said.
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 Reuters: http://www.guardian.co.uk/business/2011/oct/23/united-states-aaa-credit-rating
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