The head of China's Dagong credit rating agency lobs another shell at the U.S., saying "we will...


The head of China's Dagong credit rating agency lobs another shell at the U.S., saying "we will definitely downgrade" if there is no "major event" to improve the fiscal situation in coming months. Guan Jianzhong also promises a downgrade should QE3 come to pass, saying the U.S. could end up with a credit profile in Spain's league.

Comments (3)
  • Tex Fri
    , contributor
    Comments (24) | Send Message
     
    QE3 = Downgrade
    No QE3 = Downgrade

     

    Which one will you choose?
    14 Jul 2011, 10:49 AM Reply Like
  • Rhianni32
    , contributor
    Comments (2086) | Send Message
     
    On one hand would it really matter what a Chinese credit agency rated U.S. debt?
    On the other hand it probably should have been downgraded already so also no big a deal.
    14 Jul 2011, 10:50 AM Reply Like
  • Tack
    , contributor
    Comments (16260) | Send Message
     
    Yeah, and I wonder what China's "credit profile" will look like if their largest customer suddenly stops buying anything.
    14 Jul 2011, 10:50 AM Reply Like
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