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US will lose AAA credit rating by 2013: bond manager

Video - Jim Leaviss, head of retail fixed interest at M&G, the fund management arm of the Prudential, said France remains "the AAA economy closest to a downgrade" and that the US "will lose its AAA rating – but not in 2011" as the two countries grapple with debt.

  • "Central banks and governments are throwing everything they have in their monetary and fiscal policy weaponry to generate a self-sustaining economic recovery."



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Reader Comments (9)

Dec 16, 2010 at 1:19 AM | Registered CommenterDailyBail
US will lose AAA credit rating, says M&G's Jim Leaviss

A leading fund manager has warned that the world's largest economy will be downgraded within two years because of its high levels of debt.

Dec 16, 2010 at 1:20 AM | Registered CommenterDailyBail
Yah, right. Moody is going to downgrade the credit rating of the US. How about cutting its financial throat?
Dec 16, 2010 at 1:20 AM | Unregistered CommenterDavid
Dec 16, 2010 at 1:34 AM | Registered CommenterDailyBail
@david...moody's is not warning for fun..this is serious...and they know it...in fact everyone knows it's serious except washington...they won't understand what's at stake until it's too late...
Dec 16, 2010 at 1:35 AM | Registered CommenterDailyBail
"Yah, right. Moody is going to downgrade the credit rating of the US. How about cutting its financial throat? "

The name of the game for many years now is "kick America in the balls till she is a third world country". This will be one of the last nails in that coffin.
Dec 16, 2010 at 2:42 AM | Unregistered CommenterS. Gompers
I have an arthritic thumb that gives more reliable ratings than Moody's!

Their performance for their clients leading up to the recession was pathetic.
Dec 16, 2010 at 9:43 PM | Unregistered CommenterSagebrush
yes moody's was and remains awful..same for s&p...
Dec 17, 2010 at 2:24 AM | Registered CommenterDailyBail

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