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Chinese credit rating agency downgrades UK with a negative outlook

Wednesday, May 25th 2011 - 06:56 UTC
Full article 20 comments

UK's credit rating has been cut by the Dagong rating agency of China. The agency blamed the UK's sluggish growth, which it said would be stuck in the 1.3%-1.5% range for two more years, hurting government finances. Read full article

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  • geo

    the Chinese don't want to lend to British for any oil drillings and purchasing of some mini islands.?.

    May 25th, 2011 - 08:44 am - Link - Report abuse 0
  • Redhoyt

    “ ... Dagong rating agency of China ... ”

    Who ????

    May 25th, 2011 - 11:59 am - Link - Report abuse 0
  • NicoDin

    @Redhoyt

    “who?”
    The people who is lending money to you and you have to pay it back. do you know Aka China. From where do you think you loans come from USA that is so broken like you?

    So Nico’s rating agency was right by given – A ha ha

    So we can lend securely to Chile because have sounded economy but not to risky countries like Uki with a over inflated currency, trade deficits, a lot of govt. spending 11 trillions dollar of debts, etc, and so dependent of foreigner loans specially from China that don’t trust her to repay her debt.

    Is was I was saying from long time ago Uki’s default is even closer than ever.

    The only sad thing is that we are going to lose our 1st position as the bigger defaulted in the XXI century.

    Well we will have our turn of revenge in the next world cup by leaving Uki outside again.

    Snif, snif...

    May 25th, 2011 - 12:19 pm - Link - Report abuse 0
  • briton

    so argentina is not the only one that frears the UK.
    in this case worry over trade , or lack of it lol

    May 25th, 2011 - 07:22 pm - Link - Report abuse 0
  • Forgetit86

    @Redhoyt

    That's the agency which downgraded US credit a few months before S&P warned the US on its lack of political consensus regarding the debt ceiling and its high fiscal deficit. Be warned, Dagong's bold positions tends to go mainstream after some few months.

    May 25th, 2011 - 07:33 pm - Link - Report abuse 0
  • briton

    china still fears the west,
    and lack of investment makes them worried perhaps.

    May 25th, 2011 - 07:35 pm - Link - Report abuse 0
  • Redhoyt

    Time will tell ........ :-)

    May 25th, 2011 - 11:26 pm - Link - Report abuse 0
  • Typhoon

    @3 Equivalent rates for Argentine peso

    1969 = 1
    2011 = 1,000,000

    May 26th, 2011 - 11:51 am - Link - Report abuse 0
  • Fido Dido

    “china still fears the west,
    and lack of investment makes them worried perhaps.”

    Another moron that watches BBC or Sky news. China fears the west? Clown, if you did your homework a bit more about subjects you like to talk about, you would understand that so called west, whatever that is, is more scared to death that China is dumping slowly the US treasury bills what will have major concequences on the US economy.

    And if you paid attention..China is giving away to Pakistan 50 of its new jets and warned the US...one attack on Pakistan, is considered an attack on Chinese soil. There are many links, but this is an example..
    http://quitenormal.wordpress.com/2011/05/24/china-to-us-any-attack-on-pakistan-is-an-attack-on-china/
    read idiot.

    May 26th, 2011 - 01:55 pm - Link - Report abuse 0
  • briton

    Well put it this way, china is not argentina,
    you are not chiniese, you are not dutch, but you are an argentine ex migrant who legged it to holland, who knows nothing of the real world, only whats in his head, and no one listends to him anymore
    whoof whoof bark bark

    May 26th, 2011 - 02:42 pm - Link - Report abuse 0
  • Fido Dido

    Yawn, think what you want retard, prefer be Argentine than a brain dead teethless brit. I'm Dutch and I live in the US. Keep it up with your comments..moron.

    May 26th, 2011 - 03:07 pm - Link - Report abuse 0
  • briton

    suit your self,
    but we all know you as whoof whoof
    you are no more american than you are human, whoof whoof
    or should i say poodle yap yap .

    May 26th, 2011 - 07:50 pm - Link - Report abuse 0
  • Fido Dido

    Briton Brain dead teethless brit. you don't read. I didn't type that I'm an American. Keep it up with your comments..moron.

    May 27th, 2011 - 12:38 am - Link - Report abuse 0
  • NicoDin

    @Fido

    The average Brits here seems to be living in the stone age.
    They don’t realise yet that the world have changed : )

    @briton

    Ah! now you are looking for a fight with the Dutch eh!

    I wouldn’t upset the Dutch if I would be you. Do you want to be invaded again? Do you remember William III?

    John Tyndall - Britain Falling Apart
    http://www.youtube.com/watch?v=2oKjShwbNHk

    May 27th, 2011 - 05:09 am - Link - Report abuse 0
  • Fido Dido

    ”The average Brits here seems to be living in the stone age.
    They don’t realise yet that the world have changed : )”

    They are and will never come out of that way of living. They simply can't, because it doesn't fit in their view of the world what is deep rooted in their head. You can't teach old dogs (Geoff) new views and you can't teach zombies (briton, isolde wannabe brit, typhoon buffoon and many more) how to wake up, because they are dead (brain dead)

    May 27th, 2011 - 07:24 pm - Link - Report abuse 0
  • NicoDin

    @ Fido

    But look Uncle Sam seems he is doing a good job with them.

    http://www.youtube.com/watch?v=CUThfQKGzow

    what do you think?

    : )

    May 28th, 2011 - 10:03 am - Link - Report abuse 0
  • Fido Dido

    @Nico,

    Fantastic, dog is smarter than the average Brit. The dog also has better teeth than the average Brit.

    May 28th, 2011 - 04:08 pm - Link - Report abuse 0
  • briton

    You cant insult the insulted, its just not british,
    but you can smoke the dogs, just like bacon zzzzzzzzzzzzzzzzzz

    May 28th, 2011 - 07:21 pm - Link - Report abuse 0
  • NicoDin

    @Fido

    And also the Dog seems to speak better English than Briton and other languages. Ha ha

    Seems the trick is to say first to the dog words like:

    Free market, globalisation, especial relationship, best ally and stuff like that.

    You can appreciate instantly that the dog starts to wag it's tail as a sign of happiness and obedience.

    Then you can send the dog to Afghanistan, Iraq or whatever you want.

    Seems quite easy what do you think?

    : )

    May 29th, 2011 - 04:17 am - Link - Report abuse 0
  • briton

    whoof whoof, smoke smoke without without fire fire
    someone is always correct ?

    May 30th, 2011 - 12:12 am - Link - Report abuse 0

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