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Market confidence was hindered overnight as investors pondered the latest from rating agency Moody's, which suggested the US and UK are at risk of losing their AAA credit ratings. However, this proved to be more of a shot across the bows by the rating agency with the finer points of the report stating "On balance, we believe that the ratings of all large AAA governments remain well positioned, although their 'distance-to- downgrade' has in all cases substantially diminished,"
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