S&P Cuts China’s Credit Rating, Citing Risk From Debt Growth
https://www.bloomberg.com/news/artic...outlook-stableS&P Global Ratings cut China’s sovereign credit rating for the first time since 1999, citing the risks from soaring debt, and revised its outlook to stable from negative.
The sovereign rating was cut by one step, to A+ from AA-, the company said in a statement late Thursday.
Tom
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