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3Novices:Moody’s executive defends agency’s downgrade of China’s credit ratings

China’s financial leverage likely will keep increasing as long as the country relies on a stimulus policy to meet its economic growth targets, a Moody’s Investor Service executive told a Beijing briefing on Tuesday, defending the agency’s decision to downgrade China’s credit rating last month.
The rise of debt in China, notably pertaining to local government financing vehicles and state-owned enterprises, was a primary reason why the rating agency said it was downgrading…
June 14, 2017 at 07:17AM http://ift.tt/2rZ5gcv
#3Novices #News #OnlineMedia #China 3Novices China

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