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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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