Politics and science, humor and hypocrisy. METANOODLE
Wednesday, 13 July 2011
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.