Linda Young – AHN News Writer Beijing, China (AHN) – Credit-rating agency Fitch warned it might downgrade China’s credit rating within the next two years because of bad debts held by local governments could lead to systemic stress. Fast-paced growth in loose credit created the problem. There was an over-extension of loans to local governments, [...]
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Credit rating agency Fitch warns it might downgrade China’s debt
September 9th, 2011 
davidguide 
Posted in Pay Day Loans 
Tags: agency moody, amount, bad debts, beijing china, Credit, Credit rating, crisis, Fast-paced, government debt, Linda, linda young, local governments, Moody, municipal governments, News, news writer, percent, s central, systemic stress, View 
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