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Dagong is likely to downgrade US rating

By Wei Tian | China Daily | Updated: 2011-07-13 07:51

Dagong is likely to downgrade US rating

US President Barack Obama said on Monday that he will press Congress for "the largest possible deal" on significant deficit cuts. Chinese rating agency Dagong said it may downgrade the US sovereign credit rating, no matter whether any agreement on raising the debt limit is achieved or not. Joshua Roberts / Bloomberg

Debt limit aside, borrowing to pay off loans won't work, agency says

Dagong is likely to downgrade US rating

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