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S&P Downgrades French Credit Rating

Standard Poor's Friday downgraded the credit ratings of nine European countries caught up in the eurozone crisis. This includes France, which has Europe's second-largest economy. SP's downgrade of France's credit rating has been expected for weeks. F

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Credit rating agency Standard and Poors has revised Nigeria's economic outlook from stable to positive. In a statement, the rating agency says the Nigerian government, under President Goodluck Jonathan, has undertaken several important reform initiat

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Standard and Poor's Ratings Services announced Monday that the United States continues to have a AAA [Triple-A] credit rating, but the rating agency lowered its long-term credit outlook for the U.S. government. SP cited U.S. budget deficits and gover

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Two rating agencies, Standard and Poors (S P) and Fitch downgraded New Zealands credit rating from AA+ to AA. This is the first downgrade in 13 years. A credit rating gives some idea of whether the economy is stable and whether the government can pay

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The credit rating agency Standard Poor's has downgraded the U.S. credit rating for the first time ever from the country's elite AAA status to AA-plus, with a negative outlook. In a statement late Friday, SP said it made the move because the deficit-r

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U.S. President Barack Obama and Congress are engaged in an intense rush to settle on a plan to raise the countrys borrowing limit beyond the current total of more than $14 trillion. It is an effort aimed at averting a possible default on the countrys

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