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NewsWhore
05-26-2009, 04:42 AM
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Moody&#39;s Opens Pandora&#39;s Box on AAA Debt Ratings: William Pesek (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601039%26sid%3Dadz9rcVTSxUA%26refer%3Dhome&cid=1248958942&ei=6J8bSqjcKsSPmAfwrPTDBQ&usg=AFQjCNGi9TW0Xe6HGBrVussFa9sFMxJwQA)
Bloomberg
Moody&#39;s cut Japan&#39;s foreign-currency debt grade from Aaa to Aa2. While Japan is a negligible overseas borrower, the symbolism extends to a much bigger point. With its Japan move, Moody&#39;s opened a Pandora&#39;s Box for top credits. Three days after Moody&#39;s ...


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