Ratings agencies 'trying to restore credibility'
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More sovereign credit downgrades are on the way – and it is partly driven by ratings agencies wanting to restore their own tattered credibility.
Standard and Poor's cut the US sovereign credit rating from AAA to AA+ at the end of last week, setting off a wave of financial market turmoil
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Rob Hosking
Thu, 11 Aug 2011
Thu, 11 Aug 2011
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Ratings agencies 'trying to restore credibility'
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