China Credit

Moody’s (NYSE:MCO) Upgrades China’s Credit Citing Strong Economy

Moody’s (NYSE:MCO) upgraded China’s debt today from A1 to Aa3, saying the sound balance of payments and the strong economic performance of the company has found support and will continue on, generating a positive outlook for their credit. Moody’s senior vice president Tom Byrne noted, “The record of the past year demonstrates that China’s policy response to the 2008 crisis has been effective.

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