Chinese rating agency downgrades US politicians’ debt — again

posted by
August 3, 2011
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"Chinese rating agency Dagong Global Credit Rating Co. said Wednesday it has cut the credit rating of the United States from A+ to A with a negative outlook as Washington went through long-drawn inter-party political bickering before raising the country’s debt limit. In November, Dagong downgraded the U.S. from AAA to A+, claiming the U.S. government's solvency is 'on the brink of collapse' after the Federal Reserve loosened its monetary policy." (08/03/11)  


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