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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 ...
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.

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