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Chinese agency cuts US credit rating

Posted By admin On November 9, 2010 @ 10:24 am In Featured Stories | Comments Disabled

Lorraine Cushnie
Investment Week [1]
Tuesday, November 9, 2010

China’s leading credit rating agency downgraded the US to ‘A’ following last week’s announcement of a second round of quantitative easing.

In a report out today, Dagong Global Credit Rating Co says the rating reflects the deteriorating debt repayment capability of the US and drastic decline of the government’s intention of debt repayment.

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Chinese agency cuts US credit rating aj150709banner1 [2]

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“The serious defects in the United States economic development and management model will lead to the long-term recession of its national economy, fundamentally lowering the national solvency,” it says

“The new round of quantitative easing monetary policy adopted by the Federal Reserve has brought about an obvious trend of depreciation of the US dollar, and the continuation and deepening of credit crisis in the US.

Full story here. [1]


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[1] Investment Week: http://www.investmentweek.co.uk/investment-week/news/1895084/chinese-agency-cuts-credit-rating

[2] Image: http://prisonplanet.tv/signup.html

[3] Having A Supply Of Healthy Foods That Last Just Makes Sense (AD): http://www.efoodsdirect.com//index.html?aid=14&adid=43

[4] Chinese Credit Rater Downgrades U.S.: http://www.prisonplanet.com/chinese-credit-rater-downgrades-u-s.html

[5] United States tipped to lose another AAA credit rating: http://www.prisonplanet.com/united-states-tipped-to-lose-another-aaa-credit-rating.html

[6] America Loses AAA Credit Rating (Being The Military Superpower And Money Printer In Chief Did Not Protect Our Credit): http://www.prisonplanet.com/america-loses-aaa-credit-rating-being-the-military-superpower-and-money-printer-in-chief-did-not-protect-our-credit.html

[7] S&P Issues a Warning on Japan’s Credit Rating: http://www.prisonplanet.com/sp-issues-a-warning-on-japans-credit-rating.html

[8] Debt Level, Spending Pose Risk to U.S.’s Aaa Credit Rating, Moody’s Says: http://www.prisonplanet.com/debt-level-spending-pose-risk-to-u-s-s-aaa-credit-rating-moodys-says.html

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