For people who want to build their language skills in the area of business / finance / economics, and build their knowledge about the stories in the news.
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Key Language:
- US based credit rating agencies
- on negative outlook
- that means effectively that there is
- a very poor track record
- they failed completely to spot the
- they have a very bad track record of getting things right
- government’s seem to attach a lot of importance to what they say
- prior to that
- markets have a more realistic view
- don’t take these ratings quite as seriously as the politicians
