Explainer-The 'triple A' sovereign bond club has shrunk
LONDON (Reuters) -The group of governments whose bonds get the highest ranking just got smaller, after the United States lost its last triple-A credit rating from Moody's. The agency on Friday downgraded the U.S. rating by a notch to "Aa1" from "Aaa", citing rising debt and interest, and reflecting increased concern about rising debt in big economies. The credit rating is a guide to how risky buying debt is for potential investors.
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