China downgraded the U.S. to A from AA.

Nov. 9 (Bloomberg) -- China's Dagong Global Credit Rating Co. downgraded the U.S. to A from AA, with a negative outlook, because of quantitative easing, Xinhua News Agency said, citing a report from the company. The U.S. has deteriorating debt repayment capability and the government's intention to repay debt has had a "drastic" decline, Dagong said, as cited by the news agency. Quantitative easing will further depreciate the U.S. dollar and is against the interests of creditors, the company said. **at some level, and with the Volcker article effectively questioning the USD as a reserve currency, it's starting to move beyond pre-G20 rhetoric