Moody’s downgrades China, expecting financial strength to erode as debt rises

May 23, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

SHANGHAI (Reuters) – Moody’s Investors Services downgraded China’s long-term local and foreign currency issuer ratings on Wednesday citing expectations that the financial strength of the world’s second biggest economy would erode in the coming years.