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  • Ratings agency Fitch says defaults on public bonds by Chinese local government financing vehicles (LGFVs) are becoming more likely - will probably trigger a repricing of the market --Note:

    Fitch says some China LGFV defaults likely (timing uncertain)

    Ratings agency Fitch says defaults on public bonds by Chinese local government financing vehicles (LGFVs) are becoming more likely - will probably trigger a repricing of the market --Note:
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  • S&P Trims China’s Credit Rating Over Growing Debt Fears S&P Global Ratings trimmed China's sovereign credit rating for the first time since 1999, citing risks from growing debt, and also changed its outlook to stable from negative. The agency cut China's sovereign rating from AA- to A+, putting it in a similar category with countries like the United States and Austria. This is the second downgrade from a major ratings agency for China in 2017. The analyst also lowered their ratings on three foreign banks that operate in China, claiming that it is unlikely for HSBC China, Hang Seng China and DBS Bank China Ltd. to evade default should the nation default on sovereign debt. The downgrade implies declining international confidence that Beijing would be able to reach a balance between maintaining economic expansion and cleaning up its financial sector. The Finance Ministry in Beijing previously refuted the downgrade by Moody's Investors Service, claiming that the compan..

    Prime News: S&P Trims China’s Credit Rating Over Growing Debt Fears

    S&P Trims China’s Credit Rating Over Growing Debt Fears S&P Global Ratings trimmed China's sovereign credit rating for the first time since 1999, citing risks from growing debt, and also changed its outlook to stable from negative. The agency cut China's sovereign rating from AA- to A+, putting it in a similar category with countries like the United States and Austria. This is the second downgrade from a major ratings agency for China in 2017. The analyst also lowered their ratings on three foreign banks that operate in China, claiming that it is unlikely for HSBC China, Hang Seng China and DBS Bank China Ltd. to evade default should the nation default on sovereign debt. The downgrade implies declining international confidence that Beijing would be able to reach a balance between maintaining economic expansion and cleaning up its financial sector. The Finance Ministry in Beijing previously refuted the downgrade by Moody's Investors Service, claiming that the compan..
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  • China government whining about the ratings cut (to be fair, all governments do when it happens to them) More: The cut was yesterday:

    China’s finance ministry says S&P’s China sovereign rating cut is a wrong decision

    China government whining about the ratings cut (to be fair, all governments do when it happens to them) More: The cut was yesterday:
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  • US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.

    S&P lowers China’s rating to “A+/A-1”, Outlook stable

    US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.
    Read More
  • US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.

    S&P lowers China’s rating to “A+/A-1”, Outlook stable

    US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.
    Read More
  • US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.

    S&P lowers China’s rating to “A+/A-1”, Outlook stable

    US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.
    Read More
  • US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.

    S&P lowers China’s rating to “A+/A-1”, Outlook stable

    US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.
    Read More
  • US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.

    S&P lowers China’s rating to “A+/A-1”, Outlook stable

    US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.
    Read More
  • US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.

    S&P lowers China’s rating to “A+/A-1”, Outlook stable

    US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.
    Read More
  • US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.

    S&P lowers China’s rating to “A+/A-1”, Outlook stable

    US ratings agency Standard & Poors out with a note on China 21 Sept - long term sovereign credit ratings lowered to "A+" vs "AA-" - prolonged period of strong credit growth has increased economic and financial risks Cautionary report published a short while ago. Posting for info.
    Read More