>>20031288
Moody's puts China on downgrade warning as growth, property pressures mount
Ratings agency Moody's slapped a downgrade warning on China's credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the world's No. 2 economy. Moody's lowered the 'outlook' on China's A1 debt rating to "negative" from "stable" less than a month after it had done the same to the United States' last remaining triple-A grade from a credit rating agency. Historically, about one-third of issuers have been downgraded within 18 months of the assignment of a negative rating outlook.
Beijing likely needs to provide more support for debt-laden local governments and state firms which pose "broad downside risks to China's fiscal, economic and institutional strength," it added. Moody's also cited "increased risks related to structurally and persistently lower medium-term economic growth and the ongoing downsizing of the property sector." China's Finance Ministry called the decision disappointing, saying the economy would rebound and that the property crisis and local government debt worries were controllable.”Moody's concerns about China's economic growth prospects, fiscal sustainability and other aspects are unnecessary," the ministry said. Blue-chip stocks slumped nearly 2% to near five-year lows on growth worries, with some traders also citing speculation about Moody's statement before its release
China's major state-owned banks, which had been supporting the yuan currency all day, stepped selling of U.S. dollars on the news, one source with knowledge of the matter said.The cost of insuring China's sovereign debt against a default rose to its highest since mid-Novemberwhile the U.S.-listed shares of heavyweight Chinese firms Alibaba and JD.com dropped 1% and 2%, respectively. This was the first change by Moody's to its China rating since downgrading it by one notch to A1 in 2017 when debt levels were rising.
While Moody's affirmedthe A1 rating on Tuesday, noting that the economy still had a high shock-absorption capacity, it estimated China's economic growth would slow to 4.0% in 2024 and 2025, and average 3.8% from 2026 to 2030.
Moody's main peer, S&P Global, said later in a long-scheduled global outlook call that its big concern was that "spillovers" from any worsening in the property crisis could push China's gross domestic product growth "below 3%" next year. China's government advisers are expected to call for more stimulus at the annual agenda-setting 'Central Economic Work Conference' due to be held in the next week or two.
https://www.reuters.com/world/china/moodys-cuts-chinas-credit-outlook-negative-2023-12-05/
The Japanese banks are gonna “ride to the rescue” or at least try to as they’ve done this many times since the global system needs dollars and the Japanese banking system is all too willing to do this-you don’t get to a GDP vs Debt ratio of about 280%any other way
The game is to transfer the money out of China and distribute it to family members then file for Bankruptcy protection in the US and the Judge in the Evergrande case doesn’t want to set off the debt bomb (liquidation) so he allowed it to be pushed off yet again and stated “it’s the last time”…Sure it is
Kek
Evergrande Creditors Regroup as Liquidation Advocate Hesitates
China Evergrande Group on Monday said it has been granted an adjournment of a court hearing into a liquidation petition to Jan. 29, giving the embattled property developer time to finalise a revamped offshore debt-restructuring plan.
The decision came as the world's most indebted developer with more than $300 billion in liabilities sought adjournment unexpectedly unopposed by the petitioner's lawyer.
https://www.msn.com/en-us/money/other/evergrande-liquidation-hearing-pushed-to-jan-focus-on-new-debt-revamp-plan/ar-AA1kZeyX
>>20031376
You though….you should familiarize yourself with the ultimate sentence for treason.
You’ll be executed along with your cubicle mates
We’ll play a little game here if that true
Cap 1 was “where’s the money” as the follow up to cap 2 “well we can do a deal if you tell us where the money is”
Both meetings took place in southern Poland not Kiev
>>20031432
Why would I waste moar time with you?
You’ve already lost
“Rack ‘em next loser”
And another stern letter was written resulting in a yet another hearing-probably executive session and nothing will be done
All of them must go
>>20031565
It’s well beyond any help it could access
Ask Blinken how he’s gettin along with his wife too
The shorter list is who hasn’t screwed each other
Part of the entire thing-just trade ‘em back and forth
>>20031605
Easily identifiable
Icymi
Do yer faggit and add the “notes” to yer lame ass “analysis” cuz for some odd reason that NEVER gets attacked /s
Dint have enough time last week to do it all and create the distance you needed
janet got sum problems and gonna need sum big guns soon don’t habs enough buyers
ESF
That’s no way to talk about your psychotherapy issues “anon”
Imagine if 3917f1 actually contributed something what would that look like?
Shudder to think
Yep you are and welcome to 2019 the illustrious bred gobbling toilet boi that is
Just like you newPhag
Do the software one again pretty please wif sprinkles on top