Fitch May Cut China’s Debt Rating In Reaction To Loan Risk Among Chinese Banks

Wednesday, April 13, 2011 07:02
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Fitch May Cut China’s Debt Rating In Reaction To Loan Risk Among Chinese Banks

Tags: China

Fitch Ratings lowered its outlook on China’s currency rating after saying it’s highly likely Chinese banks will experience significant deterioration in asset quality.

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Bad loans threaten to harm the world’s fastest-growing major economy, Fitch says. It’s been 12 years since a rating agency downgraded China’s debt rating.

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