Moody's cuts China's credit outlook
Ratings agency Moody’s has cut China’s credit outlook to stable from positive, citing concerns on the country’s opaque local government debt, fast bank lending growth and stalled economic reforms.
Moody’s kept China’s rating at Aa3, but the change in outlook means it does not expect to give China an upgrade over the next year to 18 months
http://www.theage.com.au/business/world-business/moodys-cuts-chinas-credit-outlook-20130417-2hz09.html#ixzz2QfXR3E9h
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