New Delhi, May 21 -- Ray Dalio has warned that the US debt risks goes beyond credit ratings amid the US government's mounting debt in the current global economic scenario. The billionaire founder of one of the world's largest hedge funds said that the US debt downgrade, you should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt.

"They don't include the greater risk that the countries in debt will print money to pay their debts thus causing holders of the bonds to suffer losses from the decreased value of the money they're getting (rather than from the decreased quantity of money they're getting). Said differently, for those who care about the value of their money, the...