BREAKING : S&P Lowers China's Credit Rating - Kedai Saham
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Thursday, September 21, 2017

BREAKING : S&P Lowers China's Credit Rating

BREAKING : S&P Lowers China's Credit Rating

Standard & Poor's lowered China's sovereign credit rating, joining a growing chorus of alarm over the nation's soaring debt levels despite government pledges to fend off financial risks.

S&P Global Ratings said it downgraded China's rating to A-plus from AA-minus, while changing its outlook to stable from negative. Fitch Ratings lowered its China rating in 2013 and Moody's Investors Service did so in May.

Impact : Strong 
Sentiment : Bad for $AUD, Hang Seng‎

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