Wednesday, March 2, 2016

Moody’s Cuts China Outlook

No surprise here. China is in a different phase of the business cycle, the down phase.

Moody’s Investors Service cut its outlook for the Chinese government’s credit ratings, due to "growing concerns about a slowing economy, shrinking foreign reserves and a weakening currency."

The ratings agency said it lowered its outlook on China’s credit rating to negative from stable, while maintaining the Aa3 grade on its sovereign debt.

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