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Home | Fed unmoved by US sovereign credit rating cut |
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Fed unmoved by US sovereign credit rating cut
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- August 07, 2011
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The Federal Reserve has issued the following guidance to banking organisations following yesterday’s decision by Standard & Poor’s to cut the US long-term sovereign credit rating from ‘AAA’ to ‘AA+’: “For risk-based capital purposes, the risk weights for Treasury securities and other securities issued or guaranteed by the US government, government agencies, and government-sponsored entities [...]
- Read more at:http://www.bankingtimes.co.uk/2011/08/06/fed-unmoved-by-us-sovereign-credit-rating-cut/
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