Chinese ratings agency yanks triple-A ratings from US, UK


Beijing's oldest credit ratings agency on Sunday issued its inaugural set of sovereign credit ratings, giving traditional safe-havens such as the United States, Germany and the United Kingdom lower scores than the leading Western agencies, and hiking some emerging market countries' ratings.

Dagong Global, which was set up in 1994, gave the United States an AA rating, two notches lower than the scores accorded to the country by Standard and Poor's (S&P), Moody's and Fitch ratings, collectively

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