6 years ago
Chinese credit rating agency downgrades US rating over political ‘deficiencies’
A Chinese credit agency has downgraded the United States' credit rating from A- to BBB+ citing increased reliance on debt, Reuters reported Tuesday. Dagong Global Credit Rating Co., one of China's largest firms, said in a statement Tuesday that it had also given the U.S. sovereign ratings a negative outlook, specifically citing the GOP's recently-passed tax reform plan as a reason why.
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