Leaviss: US will lose AAA-rating after 2012 elections
M&G's head of retail fixed interest Jim Leaviss has warned the US will see its credit rating downgraded to AA shortly after next year's presidential election.
The bond manager said even if a new president is appointed in November 2012, it is unlikely they will come up with a long-term austerity package to address the country’s soaring debt levels. “Almost...
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