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U.S. credit rating upgraded from ‘negative’ to ‘stable’

Ratings firm Moody’s raised its outlook on the US economy on Thursday to “stable” from “negative,” citing progress in putting the federal government’s debt on a more sustainable path. “Moody’s Investors Service today moved the outlook on the Aaa government bond rating of the United States back to stable, replacing…

Sarkozy tries to limit damage after France downgrade

President Nicolas Sarkozy struggled Saturday to contain the damage after France was stripped of its top triple-A credit rating just three months ahead of the right-wing leader’s re-election bid. He sent his prime minister to face the press and try to convince skeptical voters that Standard & Poor’s rating was…

Asian markets mixed on US, France debt woes

Asian markets were mixed Tuesday after a US committee charged with finding a deal to cut the nation’s huge deficit said it had failed, while worries over France’s credit rating also depressed sentiment. Investors extended the broad sell-off to a fifth straight session as leaders on both sides of the Atlantic struggle to…

Save your marriage or save your credit

Lindsay Beyerstein catches an important story—an FTC lawsuit against CompuCredit Visa has revealed some of the unusual things that will get held against your credit rating. Oh, it’s not just your income or your borrowing history. Nope. You’re considered a credit risk if you travel more than to work and…

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