Browsing All posts tagged under »Moody’s«

China Global cuts America’s credit rating, regardless of “the deal”

August 2, 2011

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Hey, guess what, America! After all the gnashing of teeth, the faux-righteous faux-indignation and cartoonish political posturing to prevent a credit default and risk the global credit rating agencies downgrading America’s triple-A rating, China’s Dagong Global Credit Rating has cut its rating on U.S. sovereign debt to A from A+ and has also put the […]

China says US already defaulted, Congress yawns and continues gaming

June 13, 2011

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The leading Chinese rating agency, Dagong Global Credit Rating Co. Ltd., says that while the U.S. Congress and most of America was distracted by Weinergate or the Kardashian’s latest fashion statement or some other asinine tidbit of non-news, the federal government has already defaulted on its debt. “In our opinion, the United States has already […]