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“China’s Own Subprime Mortgage Crisis”

Credit Rating agencies have taken action on China over the past two weeks, expressing concern over the risks posed by excessive government borrowing, as Fitch cut its long-term local currency rating and Moody's lowered its...

China Banks Post Record Profits as Rivals Stumble

Bloomberg reports that China's largest banks posted impressive profits while their European and American counterparts posted losses: Industrial & Commercial Bank of China (601398) Ltd. posted a 29 percent increase in net...

Chinese Agency Downgrades U.S. Credit Rating

Although President Obama signed a bill to raise the U.S. debt ceiling yesterday, today a Chinese credit agency Dagong Global Credit Rating Company has downgraded its credit rating for the U.S. From CNN: The Dagong Global Credit...

Chinese Credit Firm Says US Worse Risk than China

From AP: A Chinese firm that aims to compete with Western rating agencies declared Washington a worse credit risk than Beijing in its first report on government debt Sunday amid efforts by China to boost its influence in global...

China, Hong Kong Climb the Ratings Ladder – BusinessWeek

From BusinessWeek: Standard & Poor’s Ratings Services raised its long-term sovereign credit rating on the People’s Republic of China on July 27 to A from A-. The outlook is stable. At the same time, Standard & Poor’s raised its long-term credit ratings on China Development Bank and Export-Import Bank of China to A from A-. […]

China May Receive Higher Credit Rating From Moody’s – Bloomberg

From Bloomberg News: China may earn a higher credit rating from Moody’s Investors Service after repaying international debt, boosting reserves and bailing out banks. Moody’s today raised the outlook for the A2 rating on China’s long-term foreign-currency bonds to positive from stable, it said in a statement. The rating, last raised in October 2003, ranks […]

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