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Moody’s warns 5 AAA states of downgrade prospect if fed debt default occurs

July 21, 2011

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The threat of the Congress and President Obama failing to reach a deal to raise the federal debt limit has led Moody’s to say it is placing five of the 15 states with triple-A ratings on review for possible downgrade. The downgrade warning for Maryland, New Mexico, South Carolina, Tennessee and Virginia s based on […]

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