MERRY CHRISTMAS: Chinese Credit Ratings Agency Dagong Puts The US On Negative Watch

Business Insider:

Not that it affects anything at all, but Chinese credit rating agency Dagong used Christmas to put the US on negative watch.

Dagong Global Credit Rating Co., Ltd. (hereinafter referred to as “Dagong”) releases a credit rating report on December 25th, 2012, putting the United States of America (hereinafter referred to as “U.S.”) on Negative Watch List. Dagong downgraded the local and foreign currency sovereign credit ratings of the U.S. from A+ to A, and each with a negative outlook on August 2, 2011. According to the changes in the situation during the surveillance period, Dagong has decided to put the sovereign credit ratings of the U.S. on Negative Watch List. The main reasons are as follows:

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