The Credit Rating of Five States is Threatened if US Debt Ceiling Impasse is Not Resolved

Moody’s Investors Services have placed Maryland, New Mexico, South Carolina, Tennessee and Virginia as the tentative states that could be downgraded from their triple A rating in case the U.S. gets it’s credit rating downgraded. Several important criterion were taken into account while deciding this. In case of a downgrade, the states will “have to pay investors a higher” rate of interest.

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Moody’s threatens to downgrade five states

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