Our main concern is slow China rebalance – S&P

By FXStreet Kim Eng Tan, Standard and Poor’s (S%P) senior director for sovereign ratings explained the key reason that would quicken China’s ratings downgrade, Bloomberg reported.

Key Quotes:

If China boosted investment this year above where we expected them to be this year, then clearly it will likely bring forward the day of downgrade because our main concern is slow rebalance

China is capable of getting faster growth than last year

Slow China rebalance may hit Australia more than Asia; won’t hurt Korea growth much

Sees upside for Korea rating upgrade in 3-5 years
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Source:: FX Street