China's Dagong downgrades Canada's sovereign credit outlook to negative - Reuters
|The news is crossing the wires via Reuters that China's Dagong Global Credit Rating Co, one of the country's major ratings firms, has downgraded Canada's sovereign credit outlook to negative, citing a slowdown in the Canadian economy, persistently high fiscal deficit and relatively high risks in its real estate market. Dagong has kept its ratings for Canada's local and foreign currency ratings at AA+.
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