Buffett says US merits 'quadruple A' rating; Reaction to US downgrade

katrina Baugh
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S&P's decision to cut the US' prized AAA-credit rating puts the superpower in a worse position than the Isle of Man and Hong Kong.

As world leaders and financial commentators struggle to digest the news, which comes on top of a turbulent week for world markets, we bring you reactions from across the globe. Be warned, many are unable to predict how the news will affect US assets and prospects for global markets...

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