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Cryptopolitan 2023-05-27 20:11:07

Chinese credit rating agency downgrades US credit amid debt ceiling crisis

China’s leading credit rating agency, Chengxin International Credit Rating (CCXI), has downgraded the US credit rating, raising concerns about escalating political discord, spiraling inflation, and the unrelenting deadlock over the US debt ceiling. The downgrade to AAg+ from the previous AAAg is a consequential move that reflects growing anxiety over the fiscal health of the ... Read more

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