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HSBC Chief Gulliver: Likely US May Be Downgraded to AA

Monday, 01 Aug 2011 12:21 AM

 

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HSBC Holdings Plc Chief Executive Officer Stuart Gulliver said it was likely the U.S. would be downgraded to AA by credit ratings companies.

“I don’t see a way not, in fact, for the rating agencies to downgrade to AA,” Gulliver said on a call with journalists today.


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