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S&P downgrades credit ratings for fed lenders, farm lenders

Published 08/08/2011, Grand Forks Herald

Standard & Poor's Ratings Services today downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt. The agency also lowered the ratings for: farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and three major clearinghouses, which are used to execute trades of stocks, bonds and options.

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