Moody’s Warns It Could Be Next to Downgrade U.S. Debt

Moody’s Warns It Could Be Next to Downgrade US Debt
As investors panicked Monday over an unprecedented downgrade of U.S. debt by Standard & Poor’s, another major rating agency warned the world that it too could soon downgrade U.S. debt. In a report released Monday, Moody’s downgraded its outlook on US debt to negative, indicating that it too could downgrade U.S. debt as early as 2012 if certain conditions were not met.
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