Moody's Investors Service says UK and US closer to losing top credit rating

15 March 2010 @ 09:24 am EDT

Moody's Investors Service said that the United Kingdom and the United States are closer to the edge on losing their top credit rating, which currently is AAA rating, as a result of the cost of servicing their debt is climbing. Both of the economies have to narrow their budget deficit without hurting economic growth, by existing stimulus measures gradually.

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