Credit rating agency downgrades US ...News

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Credit rating agency downgrades US
source : Russia Today ( News ) () 49
China’s leading rating service pointed to the debt-ceiling crisis as one of the main reasons for the downgrade China Chengxin International Credit Rating (CCXI) slashed its sovereign credit score for the US by one notch earlier this week, becoming the first among top rating firms to make the move. The leading Chinese agency, a joint venture between Beijing Zhixiang Information Management Consulting and US ratings giant Moody’s, lowered the US to AAg+ from AAAg, having placed it on review for a further downgrade, according to a statement released on Thursday.  “The intensification of political divisions between the

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