Malaysia Star, 10 May 2011SINGAPORE: The world could face another major financial and economic crisis if the United States loses its AAA sovereign rating, a top official at Singapore sovereign wealth fund GIC said yesterday.
“We face the possibility of another major financial and economic crisis if the world's risk-free asset, hitherto US bonds, loses its AAA credit rating in a disorderly manner,” GIC deputy chairman Tony Tan said at a conference to mark the fund's 30th anniversary. Full story
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