Moody’s Overestimated China’s Economic Difficulties: Ministry
Alert: HALISTER
Source: BFW (Bloomberg First Word)
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MCO US (Moody's Corp)
MOFZ CH (People's Republic of China Ministry of Finance)
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Emerging Mkts News, Analysis
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(Bloomberg) -- Moody’s also underestimated capability of Chinese government on deepening supply-side reform and boosting demand, according to a statement on Ministry of Finance website.
- MOF sees no major changes in government debt risk indicators in 2018-2020 from 2016
- GDP growth, reform and restriction on government borrowing will help curb local government debt risks
- NOTE: China Downgraded to A1 by Moody’s on Worsening Debt Outlook Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
MCO US (Moody's Corp)
MOFZ CH (People's Republic of China Ministry of Finance)
Topics
Emerging Mkts News, Analysis
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283