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"It does not reflect a deterioration in the security situation".
The downgrades do not reflect a deterioration in the financial strength of the banking system or that of the government".
"The downgrades do not reflect a deterioration in the financial strength of the banking system or that of the government," Moody's said.
It stressed that the ratings cuts "do not reflect a deterioration in the financial strength of the banking system or that of the government".
Many alterations of innate and adaptive immunity are common in the aging population, which reflect a deterioration of the immune system, and have lead to the terms "immune aging" or "immunosenescence".
He added: "The results we have published today reflect a deterioration in the market and, more significantly, an erosion of our competitiveness over recent years".
Similar(50)
That tightening reflects a deterioration in credit quality.
Increasing leisure time probably reflects a deterioration in their employment prospects as low-skill and manual jobs have withered.
Some distress reflects a deterioration in government services, such as public investment in irrigation and credit to farmers, which has slowed growth.
In the quarter, Wachovia recorded a provision for credit losses of $408 million, up from $108 million, reflecting a deterioration in credit quality, a more uncertain credit environment and loan growth.
While some slowdown from very high rates of capital investment was to be expected, he said, the current weakness "appears to have gone beyond this adjustment, reflecting a deterioration in short-term profitability and cash flow".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com