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China Gets A Down Grade

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the staff of the Ridgewood blog

Ridgewood NJ, Moody’s issued a warning on China’s credit rating, indicating concerns about the economic impact of bailing out local governments and state-owned enterprises, as well as managing the property crisis in the world’s second-largest economy. The credit rating agency downgraded the ‘outlook’ on China’s A1 debt rating from “stable” to “negative” within a month of a similar move for the United States. Historically, approximately one-third of issuers have experienced downgrades within 18 months of a negative rating outlook.

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