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18 April 2011

S&P assigns a "negative" outlook on US credit rating


The outlook adds pressure on the White House and Congress to reduce the budget deficit. Investors and others in the financial industry found S&P's statement ironic because the credit rating agency is seen as contributing to budget problems.

Standard & Poor's said its "negative" outlook for the top credit rating of US debt indicates at least a one-in-three chance that it will lower the rating in the next two years.
 

 


© Reuters


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