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S&P credit rating lowered

11/03/08 01:12

During these times when getting capital from external times is difficult, who would want their credit rating to go down?
Due to political and fiscal conditions in the country, Standard & Poor's Rating Services cut back the credit rating of Argentina from 'B' to 'B-', or six levels below investment grade. This was greatly affected by the government's proposal to nationalize public pension funds.
News: Argentina's credit rating lowered amid strife - International Herald Tribune

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Tags: • credit rating • s p • pension funds • economy • - Permalink

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20081103-011256-SP-credit-rating-lowered credit rating 'S&P credit rating lowered'