Moody’s Downgrades China’s But Changes Outlook to Stable From Negative (Moody’s)
Moody’s Investors Service downgraded China’s long-term local currency and foreign currency issuer ratings to A1 from Aa3 and changed the outlook to stable from negative. The downgrade reflects Moody’s expectation that China’s financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows. While ongoing progress on reforms is likely to transform the economy and financial system over time, it is not likely to prevent a further material rise in economy-wide debt, and the consequent increase in contingent liabilities for the government. READ MORE
Similar Posts:
- Moody’s Changes Macau’s Outlook to Stable From Negative (Moody’s)
- Moody’s Downgrades Hong Kong’s Rating to Aa2 From Aa1; Raises Outlook to Stable from Negative (Moody’s)
- Moody’s Downgrades Macao to Aa3 with Negative Outlook (Moody’s)
- Are China’s Hidden Liabilities Behind Moody’s Ratings Downgrade? (Fiscal Times)
- Credit Trends: Demystifying China’s Domestic Debt Market (S&P Global Ratings)
- Taking the Lead: How China is Driving the Global Economy and Creating Opportunities (UBS)
- Fitch Leaves South Africa Hanging Over the Precipice (Business Report)
- Lazard Emerging Markets Fund Manager: Full-blown Financial Crisis in China is Unlikely (FE Trustnet)
- Some Key Points: The Renminbi & China Commercial Paper Market (KraneShares)
- Evergrande Explained (KraneShares)
- FLASHBACK: Moody’s Downgrades Qatar Rating to Aa3 But Changes Outlook to Stable from Negative (Moody’s)
- The Strengthening Case for Investing in Asia
- Lessons From Japan’s Lost Decades for China (Nikkei Asian Review)
- Stop Worrying About Chinese Debt? (The Asset)
- China’s Tech Revolution: Unprecedented Scale, Mixed Results (NinetyOne)
Leave a Reply