Moody’s Cuts Outlook for Chinese Banks, Hong Kong, LGFVs

Adolf Goebbels
Published on Dec 8, 2023
Just a day after Moody’s Investors Service unveiled a bearish stance on China’s sovereign bonds, the ratings company cut its outlook for eight Chinese banks to negative from stable. On Wednesday, Moody’s also cut its outlook on Hong Kong and Macau and placed 26 Chinese local government financing vehicles on review for downgrade. James Mayger reports on Bloomberg Television.
--------
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/