Published: Thursday, 17 Oct 2013 | 10:54 PM ET
America downgraded by its largest creditor
Thursday, 17 Oct 2013 | 8:08 PM ET
China signals unhappiness with Washington’s budget deal after local ratings agency Dagong downgraded America’s credit rating to ‘A-.’ The Asia Squawk Box team and Marc Desmidt of BlackRock Asia Pacific weigh in.
The U.S. debt-ceiling debacle may have led China’s Dagong Global Credit Rating to downgrade its U.S. sovereign debt rating, but analysts say it’s unlikely to impact China’s decision to hold Treasurys.