Moody's lowers China currency issuer ratings to A1

Moody's lowers China currency issuer ratings to A1
Moody's Investors Service downgraded China's long-term local currency and foreign currency issuer ratings one notchWednesdayto A1, citing expectations of a gradual erosion of the country's credit profile in coming years. Moody's also changed the outlook for China's ratings tostable from negative, noting that the government retains “considerable scope” to provide policy support for the economy.(Pensions & Investments)

 

China has too much of debt.

 

and a demographic problem, they need to get 650 million people off the countryside into the cities before robots and AI takes over...

 

May I ask you why?

 

American debt probably

 

the question we also need to ask: Does Moody's has any credibility?

By the way, what's Moody's rating of Iceland the day before it collapses?

 

While they may not have credibility institutional trades require Moody's or Standard & Poor's rating thus they have influence.

 

Good question, they recently downgraded some Canadian banks for no good reason, as they did in 2013 as well. Moody's themselves appears to have a horrible balance sheet.