https://finance.yahoo.com/news/chinese-agency-dagong-cuts-u-sovereign-ratings-bbb-082413506--business.html
China credit rating firm cuts USA credit standing from A- to BBB+, citing USA debt problem as the main reason for the downgrade.
Trump has added US$1.5T to the national debt in the next 10 years because of his tax policies and the USA government is virtually bankrupt now. The debt ceiling must be raised to allow the USA government to function properly. The US economic growth is based on credit booming and this is not sustainable as the day of reckoning will come sooner or later.
However, no western credit rating firm dares to report the USA problems in details for fear of retaliation from the USA government. This is akin to the approvals of the Lehman Brothers minibonds by all the western credit rating firms until the saga happened.
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