Chinese rating agency strips Western nations AAA status, page 1
Pages:
ATS Members have flagged this thread 2 times
Topic started on 13-7-2010 @ 09:33 AM by awakentired
This is a shot across the bow of western nations and its allies. Germany being the only exception. Curiously, India isn't mentioned.

Telegraph UK

The US falls to AA, while Britain and France slither down to AA-. Belgium, Spain, Italy are ranked at A- along with Malaysia.
Meanwhile, China rises to AA+ with Germany, the Netherlands and Canada, reflecting its €2.4 trillion (£2 trillion) reserves and a blistering growth rate of 8pc to 10pc a year.

"The reason for the global financial crisis and debt crisis in Europe is that the current international credit rating system does not correctly reveal the debtor's repayment ability," said Guan Jianzhong, Dagong's chairman.


Pages:     ^^TOP^^



While we were Distracted with Gay Marriage news This happend today
  Posted 18 days ago with 81 member flags
People are marching in the streets all over Quebec
  Posted 3 days ago with 72 member flags
Breaking: Ron Paul to end active campaigning - cnn
  Posted 14 days ago with 26 member flags
President Obama Affirms His Support for Same Sex Marriage
  Posted 19 days ago with 24 member flags
Anon has released 1.7 GB of files....
  Posted 6 days ago with 24 member flags
Police Tasings Might Finally Be Ruled Brutality
  Posted 12 days ago with 23 member flags