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Home Moneta Blog American debt downgraded

American debt downgraded

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This tiny bit of news slipped us by today: a small American credit rating agency has downgraded the rating of the US government from AAA to AA+.

As the FT points out, the company, Egan Jones, also cut ratings for car companies and toxic debt instruments, long before the players such as S&P and Moody's even put them on notice.

 

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