credit rating agency (CRAs)
On Wednesday, China's Dagong credit rating agency downgraded American debt.
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A leading credit rating agency that assesses the creditworthiness of borrowers.
According to the credit rating agency, Portugal now stands on the brink of junk-borrower status.
International credit rating agency Standard& Poor's upgraded its long-term outlook on the Hong Kong dollar from negative to stable.
Global shares have tumbled after the credit rating agency Standard and Poor's downgraded Greek debt to "junk" on Tuesday.
Adding all this up, 2009 will be a rough year for colleges, predicts Moody's, a credit rating agency.
On Monday, credit rating agency Moody's said: 'The explosion has negative credit implications for a sector on which we already have a negative industry outlook.'
Earlier this month, another credit rating agency downgraded United States government debt for the first time. Standard and Poor's blamed the political fight over the nation's debt.
China's only credit rating agency, Dagong Global, downgraded US sovereign debt on Wednesday to a from a + with a negative outlook due to the higher debt ceiling.
