![]() government’s intention of debt repayment," the agency said. "Such a move entirely encroaches on the interests of the creditors, indicating the decline of the U.S. dollar and the continuation and deepening of credit crisis in the U.S.," Dagong said. "The new round of quantitative easing monetary policy adopted by the Federal Reserve has brought about an obvious trend of depreciation of the U.S. sovereign credit rating on negative watch. ![]() ![]() debt to A from AA, citing the Federal Reserve’s move last week to initiate another round of asset buying, worth $600 billion. Ltd., the only wholly Chinese-owned rating agency, cut its rating on U.S. sovereign debt and warned of further cuts, in a pointed move ahead of this week’s Group of 20 major economies meeting.ĭagong Global Credit Rating Co. You know, as insults go, this one is pretty bush league:Ĭhina’s credit-rating agency on Tuesday downgraded its rating for U.S.
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