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U.S., U.K. AAA Ratings May Be Tested as Finances Deteriorate, Moody's Says

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SOVEREIGN DEBT RATING WATCH
"Moody’s Investors Service said its top debt ratings on the U.S. and the U.K. may “test the Aaa boundaries” because their public finances are worsening in the wake of the global financial crisis," according to Bloomberg. "The U.S. and U.K. have “resilient” Aaa ratings, as opposed to the “resistant” top ratings of Canada, Germany and France, analysts led by Pierre Cailleteau in London said in a report. None of the top-rated countries is “vulnerable,” or have public finances that are “stretched beyond the point of ‘no return’ to the Aaa category,” New York-based Moody’s said."
SOURCE:   Bloomberg

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