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Thread: Moody's downgrades china's rating to a1 from aa3 and changes outlook to stable from negative

  1. #1
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    Moody's downgrades china's rating to a1 from aa3 and changes outlook to stable from negative

    Moody's Investors Service has today downgraded China's long term local currency and foreign currency issuer ratings to a 1 from Aa3 and altered the outlook to stable from negative.

    The downgrade reflects Moody's expectation that China's economic power will erode significantly over the coming years, with economy-wide debt continuing to to increase as prospective progress slows. While continuing development on reforms is likely to change the economy and economic climate over time, it's not likely to avoid another substance rise in economy- debt, along with the increase in liabilities for the the federal government.

    The stable outlook reflects our assessment that, at the a 1 score level, hazards are well-balanced. The erosion in the credit account of China ultimately contained as reforms deepen and, we assume, will likely be gradual. The strengths of its own credit profile will permit the sovereign to remain resilient to shocks that are negative, with GDP growth likely to keep powerful compared to other sovereigns, nevertheless substantial scope for a mostly closed funds account, along with policy to conform to to support the economy.

    China's local currency and foreign currency senior unsecured debt ratings are downgraded to a 1 from Aa3. The senior unsecured foreign currency shelf ranking is also downgraded to (P)a 1 from (P)Aa3.

    China's local currency bond and deposit ceilings stay at Aa3. The international currency bond ceiling stays at Aa3. The international currency deposit ceiling is reduced from Aa3 to a 1. China's short-term foreign currency bond and bank deposit ceilings stay Prime-1 (P 1).

    RANKINGS RATIONALE

    RATIONALE FOR THE SCORE DOWN GRADE TO a 1

    Moody's expects that economy-wide leverage will improve more over the coming years. The reform system that is planned is likely to slow, but not avoid, the rise in leverage. The significance the authorities a

  2. #2
    Well finally some one is viewing the light ..

  3. #3
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    Sell Aud.

  4. #4
    Quote Originally Posted by teixire. View Post
    Sell Aud.
    are u sure?

  5. #5
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    I noticed China's debt is over $1 quadrillion. Is it true?

  6. #6
    Quote Originally Posted by Ken A View Post
    I noticed China's debt is over $1 quadrillion. Is it true?
    Nah.. actually its 1.143687 Zillion.
    Source: The Disney Channel

  7. #7
    Quote Originally Posted by clonaciones
    quote are u sure?
    http://www.rba.gov.au/statistics/frequency/twi/twi-20161130.html

    Absolutely we're positive .
    Look in the trade weighted index

  8. #8
    Quote Originally Posted by teixire. View Post
    Sell Aud.
    Hmmm.. yep. worth searching at.. Thks..
    Dont trade Aussie significantly last 5 y.. so Ive some research to do..
    My recollection of aged is that its relentless when in a trend...
    and my risk management style depends on predictable PBs and SR regard.

    So..what TFs you pondering about?
    position? (LL- TF: 1-12 months.)?

    PS. @carol_213.. you on situation also? TWI.. y.. interesting. thks.

  9. #9
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    Quote Originally Posted by Skrup
    quote Hmmm.. yep. worth searching at.. Thks.. Dont trade Aussie significantly last 5 y.. so Ive some research to do.. My recollection of aged is that its relentless when in a trend... And my risk management style depends on SR regard and predictable PBs. So..what TFs you pondering about? position? (LL- TF: 1-12 months.)? PS. @carol_213.. you on situation also? TWI.. y.. interesting. thks.
    O Cliffe I do not look at it that long. I day trade. I really don't hold positions instantly both. Just not my cup of tea.Sorry bud, I cant make that long of a prediction but I do know that Australia's mining business is very much determined by the health of the Chinese economy therefore when I Have noticed the headline that is the the first thing that spring to mind. So to-morrow I 'll look to sell it on which the Andre1 action is telling me foundation.
    I trade of the 30-min time frame and I appear at round figures for possible entries and targets.

  10. #10
    Quote Originally Posted by teixire.
    quote O Cliffe I do not look at it that long. I day trade. I really don't hold positions instantly both. Just not my cup of tea.Sorry bud, I cant make that long of a prediction but I do know that Australia's mining business is very much determined by the health of the Chinese economy therefore when I Have noticed the headline that is the the first thing that spring to mind. So to-morrow I 'll look to sell it on which the Andre1 action is telling me foundation. I trade of the 30-min time frame and I appear at round figures for possible entries and targets.
    NP.. Im sorry to put you in in place of explaining that. But appreciated.
    Think probably some thing in your heads up for my curiosity also. So Thks

  11. #11
    will the impact go to rising market also? or only AUD?

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