China's Downgrade By Moody's Reveals The Flaw In Its Rating Model

On May 24, Moody’s Investors Service downgraded China’s long-term ratings by one notch, from Aa3 to A1, and changed its rating outlook from “negative” to “stable.”

from Forbes Real Time http://www.forbes.com/sites/annrutledge/2017/08/01/chinas-downgrade-by-moodys-reveals-the-flaw-in-its-rating-model/
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