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Asset managers assess impact of US downgrade

Leigh Powell
S&P’s move to lower the US’s long-term credit rating is seen simply as a reflection of reality. While further market volatility is forecast this week, some see opportunity in dislocation.
Asset managers assess impact of US downgrade

The historic decision by Standard & Poor’s to downgrade the long-term sovereign credit rating of the US one notch to AA+ came as little surprise to Asian asset managers. What was of greater surprise was that the rating agency left it on negative outlook.

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