S&P Sees Damage to G-20 Sovereign Debt as “Temporary”
Standard & Poor’s expects G-20 nations to maintain their superior credit ratings over emerging economies despite the current stress caused by ballooning public debt. “Notwithstanding the deterioration of public finances and growth prospects for many of the high income G-20 governments following the global recession, we believe that the damage is temporary,” said John Chambers, chairman [...]
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