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A one-time charge of about 1,960 crore, tied to accounting discrepancies in its derivatives portfolio, is expected to dent the bottomline at the lender that has lately been consuming column inches over uncomfortable disclosures.
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News and Media
Moody's Ratings has downgraded the U.S. government's credit rating from Aaa to Aa1, citing concerns over rising debt and persistent deficits. This decision makes Moody's the final major agency to lower the U.S. rating, following similar moves by Standard & Poor's and Fitch. Political gridlock and increasing interest payments contribute to the bleak outlook.
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News and Media
Moody's said successive US administrations had failed to reverse ballooning deficits and interest costs.
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News and Media
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