Statement on #Dagong Downgrading the Credit Rating of the USA http://is.gd/jfTkJV continuing the practice of repaying its old debt through raising new debt ● 災害 ●
"On August 2, 2011 (EST) the Congress of the United States of America (hereinafter referred to as the US) approved the bill on raising the debt ceiling of the government. Though this decision enables the government to continue the practice of repaying its old debt through raising new debt, it has not changed the general trend that the increase in national debt outpaces the increase in economy and revenue, making this incident a turning point for the US government’s solvency to decline even further. Hence, Dagong decides to downgrade the local and foreign currency credit rating of the US put on the negative watch list on July 14 from A+ to A with a negative outlook..."
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