U.S. Credit Rating Lowered

[bluehenbillk]

http://www.cnn.com/2011/BUSINESS/08/02/china.us.rating/" onclick="window.open(this.href);return false;

by the Chinese.....

[Skjellyfetti]

Dagong Global Credit Rating Co seems like a trustworthy outfit.

China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.

http://www.telegraph.co.uk/finance/chin ... tatus.html" onclick="window.open(this.href);return false;

[Appaholic]

Dagong Global Credit Rating Co seems like a trustworthy outfit.

China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.

http://www.telegraph.co.uk/finance/chin ... tatus.html" onclick="window.open(this.href);return false;

Agree. That put's them about as credible the Big 3 considering their ratings' involvement in the financial meltdown of 2008.

[GannonFan]

Wait, we're Anglo-Saxons? Didn't the Chinese hear that America's going brown? Gotta keep up.

[Ivytalk]

And nobody believes the financial statements of a Chinese company for a second. Nobody!

[SDHornet]

Wait, we're Anglo-Saxons? Didn't the Chinese hear that America's going brown? Gotta keep up.

Yes they heard, hence the credit rating decrease.