Credit-Rating Firms' Role in Sovereign Debt

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Aug. 3 (Bloomberg) -- Roger Kirby, partner at Kirby McInerney LLP, talks about the role of credit-rating firms in gauging sovereign debt. Moody’s Investors Service and Fitch Ratings affirmed their AAA credit ratings for the U.S. while warning that downgrades were possible if lawmakers fail to enact debt-reduction measures. Kirby speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)

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