The Undollar Digest

China’s Dagong Lowers U.S. Credit Rating on Fed Easing

By Joshua Fellman and Ye Xie
(Adds company background, comment in 5th, 6th paragraphs.)
Nov. 10 (Bloomberg) — China’s Dagong Global Credit Rating Co. reduced its credit rating for the U.S. to A+ from AA, citing a deteriorating intent and ability to repay debt obligations after the Federal Reserve announced more monetary easing.
The credit [...]


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