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Guan Jianzhong, chairman of Dagong Global Credit Rating Co., speaks during an interview in Beijing, China, on Wednesday, Aug. 3, 2011. China's Dagong Global Credit Rating Co. cut the U.S.'s sovereign rating one level to A, on par with Russia and South Africa, saying yesterday's agreement to raise the debt ceiling will precipitate a crisis in the nation. Photographer: Nelson Ching/Bloomberg via Getty Images

Guan Jianzhong, chairman of Dagong Global Credit Rating Co., speaks during an interview in Beijing, China, on Wednesday, Aug. 3, 2011. China's Dagong Global Credit Rating Co. cut the U.S.'s sovereign rating one level to A, on par with Russia and South Africa, saying yesterday's agreement to raise the debt ceiling will precipitate a crisis in the nation. Photographer: Nelson Ching/Bloomberg via Getty Images