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US credit rating cut for first time in history
 THE United States' credit rating has been cut for the first time with Standard and Poor's lowering it from triple-A to AA+, citing the country's looming debt and deficit burden.S&P today attached a "negative outlook" to the new rating, while government sources involved in the negotiations with the agency attacked its analysis as deeply flawed. It is first US debt downgrade in history Posted by: tipper 2011-08-05 |
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