Yuan Tumbles As Moody’s Downgrades China To A1, Warns On Worsening Debt Outlook | Zero Hedge

Offshore Yuan tumbled as Moody’s cut China’s credit rating to A1 from Aa3, saying that the outlook for the country’s financial strength will worsen, with debt rising and economic growth slowing. This leaves the world’s hoped-for reflation engine rated below Estonia, Qatar, and South Korea and on par with Slovakia and Japan.

Source: Yuan Tumbles As Moody’s Downgrades China To A1, Warns On Worsening Debt Outlook | Zero Hedge

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