Posts tagged ‘China’s’

Money Talks: Moody’s cuts China’s credit rating as debts climb

For the first time in nearly 30 years the Moody’s has downgraded China’s credit rating. The agency says it’s worried about the growing amount of debt in China, and slowing economic growth. The Chinese government says Moody’s underestimates its ability to tackle the problem. Azhar Sukri reports.

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Video shows what credit rating means. An estimate, based on a company or person’s history of borrowing and repayment and/or available financial resources, that is used by creditors to determine the maximum amount of credit it can extend to a without undue risk.. Credit rating Meaning. How to pronounce, definition audio dictionary. How to say credit rating. Powered by MaryTTS, Wiktionary
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