Debt Downgrades for China

Nikkei: Rating downgrades hit China's companies

Moody's revision of China's sovereign rating outlook to "negative" on the eve of a high-level meeting of the National People's Congress had been a slap in the face for the world's second-largest economy but the humiliation doesn't end there, as Chinese companies are still facing a wave of downgrades.

Ratings agencies are hinting at a rise in downgrades as the credit quality of China's top companies could be in worse shape than previously thought due to their high leverage and sluggish demand.

WallStreet.cn: 警钟为谁而鸣？ 如何看待国际评级机构对华负面评级行动？

After the financial institutions suffered massive cut outlook , outlook 38 state-owned enterprises and its subsidiaries in the March 3 cut to negative, mainly from traffic, city investment, construction, and financial services, industry and government support for those close by sovereign rating actions affect relatively large.