Spain 3-y Bond Auction improves to 2.064% vs 2.225%

The Chinese rating agency Dagong announced on Thursday its decision to lower the US sovereign debt rating by one notch to A-, from A, leaving it on negative outlook. The agency explained in the official statement that the downgrade was motivated by the concerns over the country's ability to deal with the debt crisis and with the damage done to the US economy due to the prolonged government shutdown.