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Moody's Ratings cuts U.S. credit rating citing budgetary burden

CGTN

Moody's Ratings on Friday slashed U.S. long-term issuer and senior unsecured ratings to Aa1 from Aaa citing rising government debt and interest payment ratios.

Meanwhile, Moody's Ratings changed the outlook of U.S. sovereign rating from negative to stable.

Source(s): Xinhua News Agency
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