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User ID: 1340151 Canada 08/12/2011 03:30 AM Report Abusive Post Report Copyright Violation | Beijing Downgrades US-Treasury to A+ Yet the most important voice in the debate about the credit worthiness of America’s debt, is not the twisted opinions of the US-credit rating agencies, but rather, that of China’s credit rating agency - Dagong Global Credit Rating, which downgraded US-Treasury’s debt from A+ to single-A last week. “The US decision to raise the borrowing ceiling will not change the fact that the growth of its debt has outpaced its overall economic growth and fiscal revenue. “It may further erode the country’s debt paying ability in the coming years,”Dagong Global said. It also issued a negative outlook. “The rise of the US-debt ceiling helped temporarily avoid a debt default but has not improved its solvency and the increasing government debt burden will deteriorate the US sovereign debt crisis.” [ link to www.sirchartsalot.com] :bdance: |
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User ID: 1340151 Canada 08/12/2011 09:30 AM Report Abusive Post Report Copyright Violation | Re: Beijing Downgrades US-Treasury to A+ :bdance: |