S&P cuts China’s debt rating over ‘financial risks’

S&P cuts China's debt rating over 'financial risks'
// Bitcoin Warrior

Standard & Poor's slashed China's credit rating on Thursday, warning that a prolonged period of debt growth had raised "economic and financial risks". S&P, which downgraded China's debt from AA-minus to A-plus, is the second major credit ratings agency to slash the Asian giant's rating after Moody's made the same decision in May. "The downgrade [...]

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