Posted inChina, European Union, Mexico, United Kingdom, World

Standard & Poor’s China rating downgrade makes no sense

How any supposedly objective credit-rating agency downgrades a country’s creditworthiness when its financial position is stronger and more stable than those of the developed countries, as Standard & Poor’s did recently, is beyond comprehension. This author has noted in response to a previous downgrade by Moody’s Investors Service that China’s total debt-to-GDP ratio was between 250% and […]