The credit-rating agency recently lowered its outlook from “stable” to “negative” for India and Taiwan because of their “fiscal deterioration” caused by massive economic support programmes.
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.
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.'