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United States, or the risk of further reduction in sovereign rating
Merrill Lynch (hereinafter referred to as Merrill Lynch) is expected, the U.S. deficit-induced fears, may lead to another major rating agencies cut the United States before the end of this year’s AAA sovereign credit rating.
According to Reuters, Merrill Lynch announced on Friday a report that the United States may have been another reason for lower rating agencies may downgrade is not the U.S. Congress finally passed a long-term reliable deficit reduction program.
North American economist at Merrill Lynch, Harris (Ethan Harris) in the report, said: “Credit rating agencies have given a strong hint that, if Congress can not come up with a reliable long-term deficit reduction program, the United States may once again been downgraded. Therefore, we expect that in 11 or 12 end of the beginning of deficit reduction if Congress is responsible for the ‘Super Council’ can not reach a consensus on deficit reduction, at least there will be a downgrade. “
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