Sentences with phrase «diminished business prospects»
NEW YORK, Nov 7 (Reuters)- Moody's Investors Service on Friday cut its ratings on MBIA Inc's (MBI.N) insurance arm and also sent ratings on the holding company's debt into junk territory, citing diminished business prospects and a weaker financial profile.
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Downstream, the likely outcome from depicting that bleak picture is diminishing job prospects for young people in those areas — doubtless followed by escalating demands for more and more government grants to promote business development in Labour heartlands to reduce youth unemployment.