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  • Moody's Strips UK's Treasured Triple-A Rating

    In a major blow to the United Kingdom, Moody's Investors Service stripped the country of its coveted triple-A sovereign rating on Friday, saying the nation's rising debt burden and weak growth prospects weigh on the economy. Moody’s lowered the U.K.'s domestic and foreign-currency bond rating by a notch from Aaa to Aa1.