Debt Ceiling's Market Volatility Fallout Could Increase Data Processing Issues
If there still is a downgrade of US Treasury bonds, following the 11th-hour solution of the federal budget and debt ceiling crisis earlier this month—or if future economic travails affect the bonds, the ramifications for data management could be more than just noting ratings changes, according to a data vendor preparing for the possibility of such events.
The challenge will not come from cascading credit events such as downgrades to municipal bonds, housing bonds backed by Fannie Mae and Freddie
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