Markets fear US ratings downgrade: Pimco's Gross

The co-head of the world's biggest bond fund has said that that markets are beginning to price in the threat of the United States losing its triple-A rating, which he believes will eventually go.

Bill Gross, the co-chief investment officer of Pacific Investment Management Co, told Bloomberg Television on Thursday: "It's certainly nothing that's going to happen overnight...The markets are beginning to anticipate the possibility."

Gross's comments come after Standard & Poor's, one of the big thr

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