Moody's downgrade of three major banks on the premise the U.S. government will not stand behind them if they fail is "absurd," said Rochdale Securities analyst Dick Bove.
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CNBC's Steve Liesman reveals that the Fed rates France and the UK's credit rating even lower than the US despite having retained their ratings by S&P.
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"We think there's a big difference in the current situation in France than that which caused the downgrade in the U.S.," Mark Schofield, global head of interest rate strategy at Citi, told CNBC. "We don't think there's an immediate ratings risk, and I think any further ratings action will be...
Jens Lauschke, Interest Rate Economist at DBS Group Research, says that the US debt deal will remove uncertainties from markets but it is not substantial enough to avert a possible rating downgrade and he maintains a negative outlook on the US dollar.
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Prices for Greek, Irish and Portuguese bonds jumped and the cost of insuring their debt tumbled on Friday as euro zone leaders agreed on a second rescue package for Greece.
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