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MercoPress, en Español

Montevideo, May 9th 2024 - 08:25 UTC

Tag: Yuan sovereign credit rating

  • Wednesday, April 10th 2013 - 07:24 UTC

    Fitch ratings downgrades China’s Yuan sovereign credit rating

    Total credit in China could have reached 198% of GDP estimates Fitch

    Fitch Ratings has downgraded China's sovereign credit rating, warning about a credit build-up in the economy that could threaten the recovery. The agency cited “underlying structural weaknesses” and a growing risk from shadow banking. The downgrade is for Yuan-denominated debt, not foreign currency debt.