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Tuesday, August 16, 2011

Breaking News--Fitch Affirms United States at AAA; Outlook Stable

The affirmation of the US 'AAA' sovereign rating reflects the fact that the key pillars of US's exceptional creditworthiness remains intact: its pivotal role in the global financial system and the flexible, diversified and wealthy economy that provides its revenue base.

Monetary and exchange rate flexibility further enhances the capacity of the economy to absorb and adjust to 'shocks'.

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