Attention

The opinions expressed by columnists are their own and do not represent our advertisers

Friday, October 18, 2013

Chinese Agency Downgrades U.S. Credit Rating

A Chinese ratings agency downgraded its US sovereign credit rating Thursday despite Washington’s resolution of the debt ceiling deadlock, warning that fundamentals for a potential default remained “unchanged.”

Dagong lowered its ratings for US local and foreign currency credit from A to A-, maintaining a negative outlook, the agency said in a statement.

The announcement came after the US Congress passed and President Barack Obama signed a bill that extends the nation’s borrowing authority and ends a two-week government shutdown.

Read more

2 comments:

Anonymous said...

Good I wish they cut the US credit line to 0

Anonymous said...

Got gold?