Chinese critics could be right: U.S. Bond rating agencies may be scared of congress


http://www.bloomberg.com/news/2011-08-04/credit-rating-companies-risk-conflict-with-congress-over-u-s-s-aaa-rating.html

Standard & Poor, Moody, and Fitch are facing new regulation by the U.S. congress and they could be hesitant to downgrade the U.S. debt even if, by impartial criteria, such a move is justified.

New Chinese rating agency, Dragon, downgraded the U.S. debt from A+ to A. The big three maintain the AAA rating for the U.S. Dragon criticized the western rating agencies as too soft on the U.S.

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