China, the biggest creditor, will reduce US credit rating either a little or a lot

BEIJING - The US' sovereign credit rating is likely to be downgraded regardless of whether the US Congress reaches an agreement on raising its statutory debt limit, Chinese rating agency, Dagong Global Rating Co Ltd, said on Monday. "If the raised limit fails to pass and the US faces default, the rating will be immediately and substantially downgraded," the Dagong CEO said.

   China Daily News
             Debt brinkmanship makes people nervous.