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Reply #155: THIS JUST IN: Threat of $100bn hit if US loses top rating [View All]

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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jun-26-11 04:08 PM
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155. THIS JUST IN: Threat of $100bn hit if US loses top rating
Investors in the US government bond market could face losses of up to $100bn if the largest economy loses its triple A rating, according to a research arm of McGraw-Hill, the parent of Standard & Poor’s.(AND BFEE SUBSIDIARY)

A ratings downgrade that results in higher bond yields and lower prices could also mean the US Treasury paying $2.3bn-$3.75bn a year more in interest on financing a $1,000bn annual budget deficit.

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http://link.ft.com/r/73UJGG/08G6EF/87I64/26TSBJ/TPNCCZ/XL/t?a1=2011&a2=6&a3=26
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