LOS ANGELES (MarketWatch) — Chinese credit-rating agency Dagong Global Credit Rating Co. on Wednesday again downgraded U.S. sovereign debt and warned of further such moves, the state-run Xinhua news agency reported, though the action was unlikely to affect markets.
Dagong cut U.S. Treasurys to A from A+, with a negative outlook, saying growth in U.S. debt is still outpacing revenue growth.
Full story: Chinese rating agency cuts U.S. debt again