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.

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

Tags: , , , , , , , , , , , ,

About the Author ()

Leave a Reply

Your email address will not be published. Required fields are marked *