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Debt and Downgrades – Why did Moody's downgrade China?
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In an unfortunate turn of events for China, Moody's has downgraded their credit rating leaving shares in dismay. Consequently, the debt of the country is rapidly rising and will rise further if it isn't remedied swiftly. Shock in China ensued this Wednesday when their credit rating dropped for the first time since 1989. However, this wasn't entirely a surprise as many people have stated the downgrade was inevitable as there had been concerns for some time.


Action was expected due to increasing debt

The drop from Aa3 to A1 has been on the mind of many anxious...

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