This Out Of China… Dagong Global Credit Rating Co. Cuts Sovereign Debt Rating Of TheUnited States
Posted By thestatedtruth.com on July 14, 2010
Speaking of credit, or the lack thereof, the U.S. has been stripped of its AAA credit rating. So have Britain, France and Germany…
This morning, the Dagong Global Credit Rating Co., China’s first real attempt at a ratings agency, initiated coverage on the sovereign debt of 50 different countries. “Dagong’s sovereign credit ratings are based on the new sovereign credit rating standard created by Dagong,” the Dagong report explains in a perfectly logical, if circular, fashion.
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