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Chinese rating agency Dagong on Thursday downgraded the U.S. to A- from A

 
erchoz
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10/17/2013 05:00 AM
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Chinese rating agency Dagong on Thursday downgraded the U.S. to A- from A
LONDON (MarketWatch) -- Chinese rating agency Dagong on Thursday downgraded the U.S. to A- from A, citing the political conflict over the country's debt ceiling, according to media reports. The agency maintained a negative outlook on the sovereign rating and said the U.S. "government is still approaching the verge of default crisis, a situation that cannot be substantially alleviated in the foreseeable future," Reuters reported. The downgrade came after U.S. lawmakers on Wednesday hammered out a last-minute deal to temporarily raise the debt ceiling and reopen government after a 16-day shutdown. On Tuesday, Fitch Ratings put the AAA credit rating on the U.S. on negative watch.
erchoz
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10/17/2013 05:13 AM
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Re: Chinese rating agency Dagong on Thursday downgraded the U.S. to A- from A
I wonder what you have to do to get a D or big fat F. Sounds like private Christian schools for segregation purposes so for $10,000 a year each kid makes all A's for 12 years and can't pass the ACT or SAT to even get into juniour college but they can build football floats well. So we are a straight A failure.

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