Chinese credit rating agency downgrades US rating over political ‘deficiencies’

A Chinese credit agency has downgraded the United States' credit rating from A- to BBB+ citing increased reliance on debt, Reuters reported Tuesday. Dagong Global Credit Rating Co., one of China's largest firms, said in a statement Tuesday that it had also given the U.S. sovereign ratings a negative outlook, specifically citing the GOP's recently-passed tax reform plan as a reason why.
Read more: http://thehill.com/policy/finance/369098-chinese-credit-rating-agency-downgrades-uss-rating-over-political-deficiencies?source=Snapzu