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Laura's avatar

Thank you for an informative article. Helps me understand. However which two companies achieved the perfect rating?

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John Quiggin's avatar

US bonds ought to be rated as junk, and not just because of fiscal imbalances. Miran has already floated idea of repudiation (forced conversion to non-repayable low rate debt). And there is no one in the Administration who would stand against Trump if he decided to go this way.

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