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Renault, Ambac And Others All Cut To Junk Status

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Fallen Angels: More Companies Are Being Cut to 'Junk' Status

By: Reuters | 13 Jul 2009 | 02:40 PM ET

Ratings on 15 companies worldwide were cut to junk status in June, the third-highest total since at least 1987, as weak economies, the housing slump and heavy debt took a toll, Standard & Poor's said on Monday

Where does one put one's pension fund for a AAA high-yielding cash return these days?

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