Econiontersect: Jane Lanhee Lee interviews Guan Jianzhong, head of the China Dagong Global Credit Rating Co. of Beijing. This agency downgraded some local government debt in China this summer, raising quite a furor in that country. Guan doesn’t see an epidemic of bad debt but says that there is too little information to know exactly what the risks are.
Reuters video after the Read more >> jump.
Dagong has also been among the most aggressive credit rating organizations with regard to downgrades of U.S. national debt.
Hat tip to Macro Business.
For more information see the Reuters article by Kevin Yao China’s Dagong sees lower U.S. rating, no China local debt default (02 December 2013).