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News Link • Housing

After downgrading U.S., S&P gives top rating to sub-prime mortgages

• The Lookout
The United States may not deserve a triple AAA credit rating, but the same sub-prime mortgage assets that caused the housing bust do -- at least according to the country's leading ratings agency.
Standard & Poor's is set to slap a coveted AAA rating on a set of bonds tied to mortgages given to homeowners with below-average credit scores and almost no equity in their properties,

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