Fitch Ratings Agency Cuts China’s Credit Standing

Fitch Ratings has cut one of its key ratings of Chinese government debt, saying there are “underlying structural weaknesses” in the world’s second largest economy.

Fitch, one of the world’s three main credit rating companies, said Tuesday that “risks over China’s financial stability have grown.”

The ratings company downgraded China’s local currency, yuan-denominated debt but did not change the rating for foreign-currency debt traded on international … [Read More]

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Source: VOA News: War and Conflict


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