Wednesday, July 21, 2010
US Debt Rating Cut: Outlook “Negative”
Foreigners hold nearly half of the US debt. The Chinese, who hold an estimated $1.3 Trillion of our debt, have a big stake in our creditworthiness. Would it surprise you to learn that ...
We're less creditworthy than Luxembourg, but still ahead of South Africa.
Thank you Team Obama.
The US has been stripped of its AAA credit rating – by a Chinese company.
Dagong Global Credit, the “most influential founder of China’s credit rating industry” maintains an “AA” rating on the United States with a “negative” outlook.
We're less creditworthy than Luxembourg, but still ahead of South Africa.
Thank you Team Obama.
Labels: Economy
