China Dagong agency downgrades US credit rating from A+ to A with negative outlook

Wednesday, August 3rd 2011 - 06:53 UTC

Full article 9 comments

Chinese rating agency Dagong Global Credit Rating Co. said Wednesday it has cut the credit rating of the United States from A+ to A with a negative outlook after the U.S. federal government announced that the country's debt limit would be increased. Read full article

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Fido Dido
China and the Germans know how to play the game with credit rating agencies.
Aug 03rd, 2011 - 06:22 pm - Link - Report abuse 0
-+
geo
all credit ratings are worthless !

the real rates (technical) are :

USA = DF +
UK = DD --
Ireland = FF/
Spain = DF +
Greece = FF/
Portugal =DF +
Italy = DF +
France = DD +
Germany = DE +
Holland = DE --
Sweden = DF --
-----------------------------------
Brasil = CC +
Argentina = CD +
Chile = DD +
Mexico = CD --
------------------------------------
Geo = BB --
Aug 03rd, 2011 - 07:13 pm - Link - Report abuse 0
-+
Retroqqq
Why is Chile = DD + ?
Aug 03rd, 2011 - 07:28 pm - Link - Report abuse 0
-+
geo
[] - Retroqqq

becouse that Chile's Private Sector is very indebted / in strain....
the Public Sector is heavly depend on Copper Prices speculations....

i must say that Chile can not evaluate more own Copper Fund !
Aug 03rd, 2011 - 07:41 pm - Link - Report abuse 0
-+
Retroqqq
But the public debt of Chile is almost zero.
Aug 03rd, 2011 - 08:08 pm - Link - Report abuse 0
-+
geo
[]-5

but the public debt Chile is almost zero.
-------------------------------------------------
this position express nothing for us ...
becouse the tax rates can not be reduced permanently/eloquently...

the Chile Economy has no any maneuver areas. !
Aug 03rd, 2011 - 08:52 pm - Link - Report abuse 0
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Retroqqq
thanx Geo for your reply

Something else i need to ask:
You say Argentina = CD + then...

Why is Argentina taking so long to become a developed country.

Argentina should have a GDP per capita around Italy (30.000) by now. at least more than Portugal (20.000).

Imagine! Even Greece has (30.000).!!!

come on is it so hard???
Aug 03rd, 2011 - 09:58 pm - Link - Report abuse 0
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geo
[]- Retroqqq

...it depends on where /which geograhical zone you live ..

South America and Africa are undeveloped areas yet !
look at Asia,Europa ..all countries almost grow together
Canada,Mexico are making advantages of USA...

at Africa you can't build a Swiss..
at South America you can't build a Singapour..Hong Kong ..
Aug 04th, 2011 - 08:50 am - Link - Report abuse 0
-+
Fido Dido
Geo studied “economics” at harvard.
Aug 04th, 2011 - 06:38 pm - Link - Report abuse 0
-+

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