They depend on being able to lend their star rating to others.
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And Reagan's personal approval rating was sufficiently intact that he was able to hand over the office to his vice president.
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The less likely a country is to be able to pay back its debts, the lower the rating.
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With his own approval rating at more than 75%, Mr. Putin ought to be able to explain a U.S. Treaty withdrawal to the satisfaction of most Russians.
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