Thursday, November 11, 2010
Chinese firm downgrades U.S. credit rating with "negative" outlook
Posted by Find Insurance Online at 4:43 AMBEIJING, Nov. 9 (Xinhua) -- The United States has lost its double-A credit rating with Dagong Global Credit Rating Co., Ltd., the first domestic rating agency in China, due to its new round of quantitative easing policy.Dagong Global on Tuesday downgraded the local and foreign currency long-term sovereign credit rating of the U.S. by one level to A+ from previous AA with "negative" outlook.The
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