MOODY’S CREDIT RATING DOWNGRADES CHINA. FIRST TIME IN 30 YEARS

Rating agency Moody’s Investors Service downgraded China’s credit rating. This is the first time since 1989. A one-level downgrade, to A1 fromthe previous Aa3, occurs as the Chinese government struggles with the challenges of rising financial risks stemming from years of credit-fueled stimulus. Moody’s also changed the outlook for China from negative to stable. China’s […]

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