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June 30 (Bloomberg) -- Jerome Fons, an executive vice president at Kroll Bond Ratings Inc., discusses the outlook for the U.S. credit rating if the government fails to increase the debt limit, leading to a default. Standard & Poor’s said it would lower the U.S.'s sovereign top-level AAA ranking to D and Moody’s Investors Service said it will probably reduce its rating if the U.S. can't pay its debt. Fons speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
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