China ratings house says US defaulting: report

[RealMoneyIssues]

http://ca.news.yahoo.com/china-ratings-house-says-us-defaulting-report-054309883.html

A Chinese ratings house has accused the United States of defaulting on its massive debt, state media said Friday, a day after Beijing urged Washington to put its fiscal house in order.

"In our opinion, the United States has already been defaulting," Guan Jianzhong, president of Dagong Global Credit Rating Co. Ltd., the only Chinese agency that gives sovereign ratings, was quoted by the Global Times saying.

:nuts: