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Fitch cuts China's yuan-denominated (i.e. domestically traded) long-term debt to A+ from AA-...

Fitch cuts China's yuan-denominated (i.e. domestically traded) long-term debt to A+ from AA- citing growing risks to financial stability. The country's bank credit to GDP ratio was 135.7% as of December, more than any other emerging market economy — if shadow bank lending is included, the figure is closer to 200% of GDP. "Anytime credit is growing this fast, it makes people worry about misallocation and bad debt," a UBS economist told WSJ.
Comments (3)
  • marketdaddy
    , contributor
    Comments (69) | Send Message
     
    Ignore it, it's over THERE - can't affect US, right?
    9 Apr 2013, 04:31 PM Reply Like
  • Rinascimento
    , contributor
    Comments (1150) | Send Message
     
    Fitch wouldn't dare rate US debt, France is our ally
    9 Apr 2013, 05:05 PM Reply Like
  • Macro Investor
    , contributor
    Comments (9050) | Send Message
     
    I would sell everything. Better safe than sorry.
    9 Apr 2013, 11:00 PM Reply Like
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